The Administrator for JBE Mechanical.Electrical Ltd, the Ballymena based electrical and mechanical firm, has announced that following a review of all options in respect of the business, that it is not feasible for the business to continue to trade.
Speaking following a meeting with all staff at the firm’s headquarters at Braid River Business Park in Ballymena, the Administrator Gerard Gildernew said:
“Unfortunately, following our review of live contracts and the company order book, I have concluded that it is not feasible to continue trading the business in administration. Regrettably, all 57 staff have this morning been notified that their roles are redundant. I wish to record our thanks to those staff who have assisted us in the past week as we continue to work to maximise realisations to creditors.”
JBE Mechanical.Electrical Ltd, went into Administration last Thursday when the Administrator began assessing the options available for the firm. The business which was set up in 1983 and employed 57 people and was one of Northern Ireland’s longest established electrical and mechanical contractors working across the commercial, industrial, leisure, healthcare and retail sectors.
The Administrator has been liaising with Ballymena Jobs and Benefits office who are there to provide assistance to affected staff at this time.