Northern Irish building firm Mel Davison Construction has entered administration, with around 150 jobs believed to be under threat.
The firm was formed in 1989 by chief executive Mel Davison.
It currently holds four maintenance contracts as response maintenance contractor to the Northern Ireland Housing Executive (NIHE) in Portadown, Banbridge, Lurgan and Brownlow.
Cavanagh Kelly has been appointed as administrator to the firm and is meeting with staff this afternoon. It referred enquiries to a public relations firm this morning.
Several Northern Irish media outlets reported that workers had staged a sit-in at the firm’s Belfast office in protest at the announcement.
A spokesman for Cavanagh Kelly said: “Meetings will take place with senior officials of NIHE as soon as possible to discuss how the service can be maintained to the NIHE’s tenants and to minimise any disruption to the contracts.
“Tightening margins in its activities have resulted in increased financial pressures that have proven unsustainable and resulted in the decision by the partners to have the firm put into administration.”
Construction News has contacted Mel Davison Construction and the NIHE for comment.