Ballymena based, JBE Mechanical.Electrical Ltd, has today gone into Administration.
The business which was set up in 1983 and employs 58 people, is one of Northern Ireland’s longest established electrical and mechanical contractors working across the commercial, industrial, leisure, healthcare and retail sectors.
Gerard Gildernew of Gildernew & Co, Accountants and Insolvency Specialists, has been appointed the Administrator by the Company Directors.
The Administrator is currently assessing the options available in respect of the business. The 58 staff have been notified of the situation with a further meeting scheduled for next week. The Administrator is also in the process of notifying the firm’s suppliers.
Comment on today’s announcement, founder and managing director John Blair said:
“It is with the deepest regret and profound sadness that we have been forced to take the step of placing the company in administration after 35 years of successful trading. In recent years, despite the challenging market conditions, we worked relentlessly to maintain a profitable business, however the struggle became overwhelming due to significant losses incurred on several Scottish contracts and we could no longer maintain our position. I would like to place on record my appreciation of the skills, and expertise of JBE’s hard working employees and recognise their professionalism and loyalty throughout.”