23/05/2011

Carvill Group Enters Administration

Building firm Carvill Group is to place three of its companies into administration.

In a statement the company said the Carvill Group Limited, Carvill (Scotland) Limited and Carvill (Newcastle) Limited would all be affected.

Group Managing Director Christopher Carvill said: "This is a sad day for all of us who have tried so hard to find an alternative solution.

"I would like to thank all of the creditors who supported our efforts in this regard and apologise that we have not succeeded.

"We are very hopeful that current projects in hand will continue to be developed during the course of the administration process. This should ensure that current employment levels will be maintained.

"However this will ultimately be a decision for the appointed administrators."

Administrator PwC is in charge at Carvill's Northern Ireland headquarters.

PwC said: "We are currently in discussion with the directors and will issue a further statement in due course."

The Carvill Group was behind the proposed redevelopment of the Sirocco works site in east Belfast.

The family owned and managed home builder has been in the business for over 60 years with offices in Northern Ireland, Scotland, England and Germany.

See: Readymix Facing Major Losses

(GK/BMcC)

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

22 March 2024
Northern Ireland's Best Areas For Broadband Revealed
West Belfast has been named the Northern Ireland area with the best broadband, according to a new study. The experts at Getac – Rugged Computing Solutions analysed data from Ofcom Connected Nations 2023 to reveal the spots with the best broadband.
20 February 2024
Seven Business Ideas To Start In NI
If you take a moment to look up the top business opportunities in Northern Ireland on a search engine such as Google, you'll be greeted with more than a million hits. With so many experts suggesting various options, it's easy to feel overwhelmed when deciding which opportunity to pursue.