17:28 13 Oct 2008
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Piling specialist Roger Bullivant (Ireland) has gone into administration with the loss of 19 jobs.
The firm was heavily involved in Northern Ireland’s ailing house building sector, which is thought to have led to severe cash flow difficulties as work dried up.
Roger Bullivant (Ireland) was formerly a subsidiary of the £120m-a-year turnover Staffordshire-based Roger Bullivant Limited (RBL) until RBL agreed a management buy-out of the Northern Irish arm led by RBL chairman Simon Bullivant, brother of Roger, in 2003.
Simon Bullivant, director of Roger Bullivant (Ireland), said: “Roger Bullivant Ireland Ltd is an entirely independent small company based in Northern Ireland operating under licence from Roger Bullivant Ltd.
“Due to the global economic downturn, there has been a significant drop in demand for our services. Up until last week, we had been working hard to restructure the business in the best interests of all parties.
“Despite our best efforts, it has unfortunately not been possible to do that in the way we had hoped and, as a result, we regret to confirm that we have therefore been forced to put Roger Bullivant Ireland Ltd into administration.
“We are continuing to work hard to maintain the Roger Bullivant services in Ireland and minimise the net loss of jobs throughout this difficult period.”