Administrators at a glass company in south Antrim, Northern Ireland hope the troubled firm can be sold as a going concern.
Mallusk-based McNeill-McManus Glass is blaming the downturn in the construct…
Administrators at a glass company in south Antrim, Northern Ireland hope the troubled firm can be sold as a going concern. Mallusk-based McNeill-McManus Glass is blaming the downturn in the construction industry for its difficulties, which have put 75 jobs at risk. BDO Stoy Hayward was appointed as administrator earlier in the week ending 18 January 2009. Established in 1905, the company specialises in the manufacture and installation of curved glass and specialist laminated products. A spokesman for the administrator said there had been no lay-offs at McNeill-McManus to date and that it was hoped that after an assessment of the company“s position it could be sold as a functioning business. “In recent years it has invested heavily to benefit from the buoyant construction market, upgrading its glass-toughening plant and installing a fully automated line for the manufacture of double-glazing units at its Mallusk factory”, the spokesman said. “However, the decrease in the level of orders combined with severe cash-flow pressures left the directors no option but to place the company into administration”. Newtownabbey councillor Nigel Hamilton said it was a time of great anxiety for the McNeill-McManus workforce but he was hopeful the company could continue in business.