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.
Offers an extensive range of quality equipment from respected brands, including excavators, compressors, rollers, saws and various tools. Utilises extensive in-house expertise in the utilities sector to provide comprehensive support and advice for pr...
Highly experienced team in place, with a suitable candidate to fill an upper-level management position, if required. Serves a large regional client base, with clients operating in industry sectors including education, healthcare and facilities. Offer...
Specialises in drylining works and acoustic flooring, benefiting from a diverse range of in-house expertise. Predominantly works with clients in London, including major construction and fit-out companies 100% client retention rate, receiving a contin...
The UK government has launched the Coronavirus Business Inte...
Business consultancy firm Ameo has been acquired by AIM-list...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources