Northern Ireland’s oldest business falls into administration

Sat, 09 Mar 2019 | ADMINISTRATION



WDR & RT Taggart, thought to be one of Northern Ireland’s oldest businesses dating back to 1902, has fallen into administration as a result of difficult market and trading conditions.

The Belfast-based construction and design company was forced to call in insolvency practitioners Gildernew & Co. to handle the administration process. With architects, structural and civil engineers working for the company on a variety of projects in the public sector, the business employs more than 30 members of staff in offices in Belfast and Londonderry.

A part of business has been acquired by WDR Taggart Limited – a newly formed company – before the remainder went into administration. The acquisition includes the waste and energy services and architectural side of the business.

Managing partner, Stephen Heaney, said: “It is with great sadness and deep regret that we have been forced to call in the administrator following a protracted period of trading difficulties and challenging market conditions.

"Despite the skills, talents and experience of the outstanding team of professionals at the firm, the trading environment could not be overcome, leaving us in today's situation."

WDR Taggart Limited’s spokesperson commented: "The new company has a very experienced management team, and together with the employees who transfer to us, we will work to ensure that WDR Taggart Limited delivers quality services to clients.

"In time, in addition to securing the legacy of the parts of the Taggart business that we have acquired, we wish to grow and build new business."

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Structural Steelwork
North West, UK

Company engaged in the design, fabrication and installation of a wide range of complex bespoke structural steel products including steel frame structures, secondary steel and platforms and gantries. Offers invited.

Asking Price: Offers Invited
Turnover: £4,000,000

LEASEHOLD


Independent Building & Property Maintenance Contractor
Carlisle, North West, UK

Very well established Ltd Co with impressive reputation & client base offering wide range of premium quality trade services from well fitted and equipped serviced office premises in historic city centre. Offers invited.

Asking Price: £75,000
Turnover: £500,000

LEASEHOLD


Masonry Contractor
South Glamorgan, Wales, UK

Long established masonry restoration specialist with impressive reputation and 'blue chip' private & public sector client base operating from extremely well fitted head office premises in excellent commercial location. This is a confidential sale. Of...

Asking Price: £1,000,000
Turnover: £772,224

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources