It is with deep regret that after 60 years of trading in the Mechanical and Electrical Contracting Industry that Blackbourne Limited has ceased trading today and all 86 employees have been made redundant.

Trading conditions in construction generally, and in our industry in particular, have been extremely difficult in recent years.  Over the past 18 months the company has been through a period of restricted cashflow due initially to two main contractors in England and Northern Ireland going into administration and the company receiving no recovery of the losses.  The company then brought in £3.1 million in order to cover losses and enable it to continue with other contracts, but the cash position worsened again due to a £20 million project in London running on for a further year at a loss and hence causing further issues to the running of the business.

We have explored all possible options to continue our operations, remain in business and reduce the level of redundancies.  Sadly, despite the efforts, we have been unable to find a positive outcome.  We know that this will be very difficult for our staff, many of whom have given over 20 years of loyal service to the company, their families and the wider Antrim area and would thank them again for their hard work during this challenging period and the support they have given, it was very much appreciated.

We intend to propose a Company Voluntary Arrangement (CVA) for the purpose of maximising the realisation of the company’s assets for the benefits of our creditors.