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16/11/2012
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.
The Statement from Invest NI cames after a group of subcontractors who claim they are owed about £17m by Patton's asked the executive for a rescue package to help them.
But Invest NI replied saying it could not provide compensation.
Patton Group’s troubles are rippling through Northern Ireland’s industry.
The "Hill of the O'Neill" park in Dungannon is closed after work there halted. Work on another Patton contract, the new fire station in Omagh, has also stopped.
The Department of Enterprise (DETI) has quoted Enterprise Minister Arlene Foster as saying she recognised "the devastating effect that the failure of the Patton Group has had on the Group's employees, their families and increasingly on the owners, employees and families of the Patton Group sub-contractors."
But no financial assistance is available.
"It will not be possible to provide any direct financial support to creditors of the Patton Group," the DETI said.
(IT)
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.
The Statement from Invest NI cames after a group of subcontractors who claim they are owed about £17m by Patton's asked the executive for a rescue package to help them.
But Invest NI replied saying it could not provide compensation.
Patton Group’s troubles are rippling through Northern Ireland’s industry.
The "Hill of the O'Neill" park in Dungannon is closed after work there halted. Work on another Patton contract, the new fire station in Omagh, has also stopped.
The Department of Enterprise (DETI) has quoted Enterprise Minister Arlene Foster as saying she recognised "the devastating effect that the failure of the Patton Group has had on the Group's employees, their families and increasingly on the owners, employees and families of the Patton Group sub-contractors."
But no financial assistance is available.
"It will not be possible to provide any direct financial support to creditors of the Patton Group," the DETI said.
(IT)
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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.
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.
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.
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.
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.
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.
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.
28 June 2010
Patton Group Wins Major Accolade
The Patton Group were among the high-profile organisations that scooped gongs at the recent Irish News Workplace & Employment Awards in Belfast.
Patton Group Wins Major Accolade
The Patton Group were among the high-profile organisations that scooped gongs at the recent Irish News Workplace & Employment Awards in Belfast.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
