Wed, 18 Apr 2012 | ADMINISTRATION
Belfast-based waste management business Skipway has been sold on for £786,000 after its parent entered administration.
The identity of the new owner of Skipway has not been revealed. Its previous owner O’Neill Contracts Ltd entered administration in February. Its administrator KPMG also intends to sell off seven properties owned by the firm, which are houses and industrial sites in West Belfast and Dunmurry.
O’Neill Contracts’ civil engineering operation has been closed down and 46 employees’ jobs cut.
The company failed after being hit by the slowdown in the construction sector. It owes £3.5 million in total and mainly to banks. Its largest debt of £1.25 million is to Bank of Ireland.
Unsecured creditors are owed £1.3 million in total. The Magherafelt quarry and construction firm FP McCann is owed £395,000.
Established in 1998, Skipway offers waste management specialising in timber, ferrous and non-ferrous metals, masonry, green waste and plastics. It also provides wood recycling, which is then processed for use in panel board manufacture and animal bedding, and skip hire.
This business opportunity presents a solid foundation for expansion within the aviation sector, backed by a strong management team and a robust client base spanning over two decades.
An exciting opportunity to acquire a well-established business specialising in recruitment, with a proven track record in connecting top talent with leading employers.
This is a unique opportunity to acquire a business specialising in labour recruitment and personnel provision, known for its reliable workforce solutions across various industries.
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.