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.


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

16 September 2015
Over 400 GPs Needed In NI Over The Next Five Years - RCGPNI
Over 400 GPs are needed in Northern Ireland over the next five years to cut rising waiting lists.
06 October 2015
Smoking Is Biggest Cause Of Accidental Fire Deaths In NI
Smoking is the biggest cause of accidental fire deaths in Northern Ireland, according to the Northern Ireland Fire & Rescue Service (NIFRS). There have been 53 accidental fire deaths over the past five years and 22 of these were as a direct result of smoking materials.
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.
24 September 2015
16% Of NI's Largest Construction Firms In Survival Mode - CEF
34% of Northern Ireland's largest construction firms are struggling to stabilise their business activities, and 16% are operating in survival mode, according to the latest quarterly survey from the Construction Employers Federation (CEF) and PwC.
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.
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.
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.
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.
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.
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.
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.
13 January 2011
Patton Builds Up School's Orchestral Crescendo
Ballymena builders, the Patton Group, Belfast's Grosvenor Grammar School and the Ulster Orchestra have teamed up for a creative music project to mark Patton Group's recently completed new building project at the east Belfast school. Foundation was a music composition project made possible by the Arts & Business Reach investment programme.
19 July 2007
Bangor company goes into administration
Thermomax, a Bangor based company that makes solar heating systems, has gone into administration. The company, an employer of 185 people, had won numerous awards including a prestigious Queen’s Award for Enterprise in 2001. However, Thermomax have run into financial problems and administrators are in talks with potential buyers.
23 August 2011
Patton Scoop Green Apple Award
Northern Ireland company Patton Heritage (part of the Patton Group) has won a Green Apple Environment Award for its restoration project at Lowther Castle, Cumbria, in the Lake District. The Ballymena-based company has been selected from over 500 nominations in the national campaign to find Britain's greenest companies.