Bookmark and Share
06/11/2012

Patton Construction Goes Into Administration

News Image

One of Northern Ireland’s leading construction firms has gone into administration.

Ballymena based Patton group has been appointed with administrators who will decide the firm’s future.

Administrator Tom Keenan of Keenan CF is overseeing the process. Patton's will continue to operate as normal until then.

The company could be broken up, continuing to run according its most profitable parts or sold off in sections.

The Patton Group currently employs 320 staff throughout the various elements of its construction work.

Patton chairman Neil Patton said: "This is a very sad day for everyone connected to this family business and the communities we have served for the last 100 years.

"The directors have looked at every possible option to avoid administration, but it became inevitable because of the general downturn in the building sector, pressure on margins and the resultant impact on cashflow."

He added: "Unfortunately, the company has suffered from the widespread downturn impacting the construction industry and, as a result, has experienced a decline in trading performance.

"The financial position facing the business was such that administration was the last remaining option available to the directors."

The news follows a warning from the company on Monday that it was facing financial difficulties.

Patton had been one of the companies in Northern Ireland fortunate enough to survive the economic downturn, which has hit the construction sector particularly bad across the UK and Ireland.

Last year it posted a loss of £7m.

Patton's has been in business for 100 years.

(IT)

Related Northern Ireland News Stories
Click here for the latest headlines.

09 November 2012
Patton Workers Told Of Redundancies
Workers at the Northern Ireland construction company Patton are being told of redundancies today. The County Antrim firm has been placed into administration this week following the public announcement of financial difficulties. Administrator Tom Keenan of Keenan CF is overseeing the running of Patton Group.
04 December 2012
147 Jobs Lost In Patton Fallout
147 jobs have been lost as another Northern Irish construction firm suffers from the Patton Group fall-out. Dunloy-based Joseph Hughes Group, a sub-contractor with Patton, has been placed into the hands of administrators. Its position was said to be "untenable" due to the Patton Group collapse.
14 September 2016
Accountancy Firm To Create Over 40 New Jobs In Belfast
An accountancy firm has announced it is to create over 40 new jobs in Belfast over the next three years. BDO Northern Ireland said the new posts will provide professional services to a range of blue chip and FTSE 500 clients within the BDO International network. First Minister Arlene Foster welcomed the announcement.
16 November 2012
Invest NI Cannot Compensate Patton Subcontractors
Invest Northern Ireland has said they are unable to offer compensation to subcontractors owed money by the ailing construction firm Patton Group. The company is facing difficulties after it was placed into the hands of administrators last week. 190 staff at Patton's in Ballymena have been laid off.
08 February 2013
Patton Group Headquarters For Sale
County Antrim-based construction group Patton has had its former headquarters put up for sale for £800,000. Patton’s administrator has put the building on sale following the firm’s collapse in November 2012, which cost creditors over £60m. Patton’s headquarters were situated at the Woodside industrial estate on the outskirts of Ballymena.
18 October 2002
Awareness week highlights risks of working at heights
Local companies have thrown their weight behind the European Health & Safety Week to raise awareness of the danger of working at heights on construction sites. The safety initiative comes in the wake of incidents in which two men tragically lost their lives as a result of falls.
23 November 2012
Patton Group Confirms 54 Redundancies
54 redundancies are to be made at construction firm Patton Group it has been confirmed. The administrator Tom Keenan of Keenan CF said in a statement: "A significant number of customers have terminated contracts resulting in a sharp decline in activity levels. The company's trading position will continue to be reviewed.
15 December 2014
Mivan Workers Win Compensation
An industrial tribunal has awarded former workers at Co Antrim construction firm Mivan compensation after they lost their jobs without warning. The company entered administration in January this year, with all staff at the firm losing their jobs.
24 August 2010
Patton Scores Sponsorship Deal
Ballymena Rugby Football Club has scored a winner with the local construction sector company, the Patton Group confirming it is to continue its role as principal sponsor of the Ballymena team. The construction group will remain as major sponsors of the Eaton Park-based All-Ireland League club for a further three years.
27 June 2011
Patton Strikes Gold With Top Award For Jeweller's Project
A Northern Ireland firm has struck gold for the second year in a row at a prestigious national awards ceremony aimed at recognising excellence in the fit-out industry.
21 August 2012
Patton Group Posts 2011 Losses Of £7m
One of Northern Ireland's leading construction firms has reported a pre-tax loss of more than £7m in 2011, the BBC has reported. Ballymena-based Patton Group said it was "an improving year" in "a very difficult trading environment" after the company suffered a £10m loss in 2010.
16 April 2014
NISRA Publish Northern Ireland Construction Bulletin
The latest edition of the Northern Ireland Construction Bulletin has been published by the Northern Ireland Statistics and Research Agency (NISRA). The bulletin provides a general measure of change in real terms in the output of the Construction Industry in Northern Ireland.
10 October 2002
Gilbert Ash gives students on-site insight
Construction company Gilbert Ash has hosted an event for a number of HND Building Engineering and AVCE Construction & Built Environment students from Upper Bann Institute, as part of National Construction Week.
24 February 2004
Airport bosses push for 'moderate' evening flight increases
Management at Belfast City Airport look set to push for extra evening flights despite local protest, it was revealed today. Under the current review of the airport's planning restrictions, the Airports bosses said it would only be looking for "moderate" increases in late night flights.
19 June 2013
NIHE Building Firm In Administration
A building firm which carried out repair work for the Northern Ireland Housing Executive (NIHE) has gone into administration. According to the Belfast Telegraph, Mel Davison Construction said increased financial pressures were to blame for the move. The Belfast and Portadown-based company currently employs around 150 staff.