Wed, 19 Jun 2013 | ADMINISTRATION
Mel Davison Construction has entered administration after tightening margins pushed up the financial pressures on the firm to an unsustainable level.
Based in Belfast and Portdadown, the business was established in 1989 by Mel Davison and his wife Paula Davison. Mr Davison has remained with the company in the role of chief executive. The business employs around 150 staff, with much of its work based around the four maintenance contracts it holds with the NI Housing Executive (NIHE).
It is unclear exactly what will happen to the business now. Meetings are set to take place between the administrators and senior officials from the NIHE to discuss the continuation of Mel Davison's service to NIHE tenants with the minimum amount of disruption to contracts.
Further discussions are due to take place regarding the future of the staff. Earlier this week around 50 workers organised a protest on the west Belfast site after being told they are to be laid off.
Cavanagh Kelly has been appointed to handle the administration. A spokesman for the firm said: “Tightening margins in MDC's activities have resulted in increased financial pressures that have proven unsustainable.”
____________________________________________________________________________
Related articles:
How to turn around a struggling business
View the latest construction businesses in administration
The company is a well-regarded provider commercial and industrial property maintenance services and domestic landscaping services, providing continuity throughout the year. Operating for almost three decades, the business has developed a broad range...
Established name within the Kitchen & Bathroom design and Installation sector. Offering wide and varied customer base with healthy order book.
Leading domiciliary assisted living facility boasting an enviable reputation for providing high-quality care at home with a highly experience team of around 80 staff members.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.