05/12/2012
Patton Group's Collapse Affects Subcontractors
North Antrim Ulster Unionist MLA Robin Swann has expressed his concern at the news of further redundancies being announced as a result of the Patton Group's collapse.
Mr Swann commented: "The loss of almost 150 jobs as part of the Joseph Hughes Group is placed in administration is a tragedy for the employees and their families in the run up to Christmas. This is another blow in the wake of the losses at Patton.
"Unfortunately having listened to the concerns of many sub-contractors at the time when the Patton Group went into administration, this is still only the tip of a very big iceberg. Many companies are having cash flow problems as a result of the Patton collapse which are otherwise long standing successful firms. I do have to question how flexible the banks are being in this situation. Is it a case of them grabbing what they can and pushing companies to the wall without any concern for the wider economy?’
"The Minister for Finance and Personnel along with the Minister for Enterprise, Trade and Investment both tell us that they have done all that they can in lobbying the banks. On behalf of the thousands of people in North Antrim who will be affected by the knock on effects of the Patton Group’s collapse, I call on them to go the extra mile and again try to stabilise the situation where many otherwise successful businesses are forced to the wall by the unrealistic expectations of banks."
(CD/GK)
Mr Swann commented: "The loss of almost 150 jobs as part of the Joseph Hughes Group is placed in administration is a tragedy for the employees and their families in the run up to Christmas. This is another blow in the wake of the losses at Patton.
"Unfortunately having listened to the concerns of many sub-contractors at the time when the Patton Group went into administration, this is still only the tip of a very big iceberg. Many companies are having cash flow problems as a result of the Patton collapse which are otherwise long standing successful firms. I do have to question how flexible the banks are being in this situation. Is it a case of them grabbing what they can and pushing companies to the wall without any concern for the wider economy?’
"The Minister for Finance and Personnel along with the Minister for Enterprise, Trade and Investment both tell us that they have done all that they can in lobbying the banks. On behalf of the thousands of people in North Antrim who will be affected by the knock on effects of the Patton Group’s collapse, I call on them to go the extra mile and again try to stabilise the situation where many otherwise successful businesses are forced to the wall by the unrealistic expectations of banks."
(CD/GK)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
06 October 2010
Patton Group Awarded Contract For Museum Refurbishment
The Ballymena-based Patton Group has won a multi-million pound construction contract for a major refurbishment project at The Ulster Folk & Transport Museum, Cultra, Northern Ireland.
Patton Group Awarded Contract For Museum Refurbishment
The Ballymena-based Patton Group has won a multi-million pound construction contract for a major refurbishment project at The Ulster Folk & Transport Museum, Cultra, Northern Ireland.
24 April 2009
Patton Group Picks Up Top Innovation Award
Ballymena-based Patton Group has been commended for its innovation at a recent awards ceremony. The firm scooped the Excellence in Innovation title at the 2009 Belfast Telegraph Northern Ireland Business Awards.
Patton Group Picks Up Top Innovation Award
Ballymena-based Patton Group has been commended for its innovation at a recent awards ceremony. The firm scooped the Excellence in Innovation title at the 2009 Belfast Telegraph Northern Ireland Business Awards.
15 February 2011
Patton Fit-Out Launches New Heritage Specialism
The award-winning Patton Fit-Out has set up a specialist Heritage team to service its growing portfolio of museums' contracts. The team will be led by Dominic Sore who has extensive experience in this niche sector, having worked on a variety of high profile project throughout the UK, Europe and North America.
Patton Fit-Out Launches New Heritage Specialism
The award-winning Patton Fit-Out has set up a specialist Heritage team to service its growing portfolio of museums' contracts. The team will be led by Dominic Sore who has extensive experience in this niche sector, having worked on a variety of high profile project throughout the UK, Europe and North America.
31 July 2009
Developer Loses Court Bid To Appoint Examiner
Six companies controlled by the well known property developer Liam Carroll, will not be appointed an examiner, a court has decided.
Developer Loses Court Bid To Appoint Examiner
Six companies controlled by the well known property developer Liam Carroll, will not be appointed an examiner, a court has decided.
19 August 2010
Patton Books Top Prize For Library Refurb
Patton Fit-Out has picked up a top prize for its work on a library in Shepherds Bush, London. The Ballymena company, part of the Patton Group, took the Gold Award in one of three major categories within the annual Interior Fit-Out Awards organised by the UK-wide Association of Interior Specialists (AIS).
Patton Books Top Prize For Library Refurb
Patton Fit-Out has picked up a top prize for its work on a library in Shepherds Bush, London. The Ballymena company, part of the Patton Group, took the Gold Award in one of three major categories within the annual Interior Fit-Out Awards organised by the UK-wide Association of Interior Specialists (AIS).
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.