Menu
10/01/2014
Antrim Building Firm Enters Administration
Antrim-based building firm Mivan has gone into administration.
The company, which employs 289 workers, made the decision following the failure of recent merger talks.
Chief Executive Ivan McCabrey said: "For some time we have been seeking to increase our international capacity and competitiveness through consolidation within the specialist construction and fit-out sector.
"I am aware that there has been considerable speculation around this issue and I can now confirm that our discussions have not resulted in agreement. Consequently, the directors have been reviewing future options in conjunction with our bankers and professional advisors.
"It is with regret therefore; that the directors have today sought the protection of administration in order to preserve the future options of the business."
(IT/JP)
The company, which employs 289 workers, made the decision following the failure of recent merger talks.
Chief Executive Ivan McCabrey said: "For some time we have been seeking to increase our international capacity and competitiveness through consolidation within the specialist construction and fit-out sector.
"I am aware that there has been considerable speculation around this issue and I can now confirm that our discussions have not resulted in agreement. Consequently, the directors have been reviewing future options in conjunction with our bankers and professional advisors.
"It is with regret therefore; that the directors have today sought the protection of administration in order to preserve the future options of the business."
(IT/JP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
25 July 2006
Women in more profitable UK boardrooms
Women are continuing to break through the 'glass ceiling' of British business, according to the latest survey of UK directors. The survey by business analysts Experian found that female directors are also more likely to be involved in profitable businesses – 57.6% of all female directors are involved in companies that make a profit, compared to 56.
Women in more profitable UK boardrooms
Women are continuing to break through the 'glass ceiling' of British business, according to the latest survey of UK directors. The survey by business analysts Experian found that female directors are also more likely to be involved in profitable businesses – 57.6% of all female directors are involved in companies that make a profit, compared to 56.
21 February 2002
Global challenges demand local changes says Minister
Sir Reg Empey, Minister for Enterprise, Trade and Investment has said that ongoing changes within his Department are aimed at increasing the competitiveness of Northern Ireland business in the global market place.
Global challenges demand local changes says Minister
Sir Reg Empey, Minister for Enterprise, Trade and Investment has said that ongoing changes within his Department are aimed at increasing the competitiveness of Northern Ireland business in the global market place.
11 November 2003
Record number of women on FTSE boards
The number of female directorships in the FTSE 100 has topped 100 for the first time, according to new research.
Record number of women on FTSE boards
The number of female directorships in the FTSE 100 has topped 100 for the first time, according to new research.
25 January 2005
Disclosure rules on directors' pay 'working', claims Minister
Better disclosure on directors' pay is leading to "improved dialogue" between companies and shareholders according to research published today by the Department of Trade and Industry (DTI).
Disclosure rules on directors' pay 'working', claims Minister
Better disclosure on directors' pay is leading to "improved dialogue" between companies and shareholders according to research published today by the Department of Trade and Industry (DTI).
29 August 2001
UK’s top directors pay increase is five times the average rise
A survey for The Guardian newspaper by compensation consultants Inbucon has revealed that Britain's top directors received an average pay rise of 28 per cent last year, more than five times higher than the rise in the UK's average wage.
UK’s top directors pay increase is five times the average rise
A survey for The Guardian newspaper by compensation consultants Inbucon has revealed that Britain's top directors received an average pay rise of 28 per cent last year, more than five times higher than the rise in the UK's average wage.
-
Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
