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19/07/2007
Bangor company goes into administration
Thermomax, a Bangor based company that makes solar heating systems, has gone into administration.
The company, an employer of 185 people, had won numerous awards including a prestigious Queen’s Award for Enterprise in 2001. However, Thermomax have run into financial problems and administrators are in talks with potential buyers.
A spokesman for PricewaterhouseCoopers has said that there will be no immediate job losses and the firm is due to reopen on Monday following the July holidays.
Thermomax was founded in 1980 and have a second factory in Wales employing 85 people.
The Trade Minister at the time, Sir Reg Empey, noted that Thermomax had established a position as the market leader in renewable energy which was a strategically important sector expected to grow strongly.
(SB)
The company, an employer of 185 people, had won numerous awards including a prestigious Queen’s Award for Enterprise in 2001. However, Thermomax have run into financial problems and administrators are in talks with potential buyers.
A spokesman for PricewaterhouseCoopers has said that there will be no immediate job losses and the firm is due to reopen on Monday following the July holidays.
Thermomax was founded in 1980 and have a second factory in Wales employing 85 people.
The Trade Minister at the time, Sir Reg Empey, noted that Thermomax had established a position as the market leader in renewable energy which was a strategically important sector expected to grow strongly.
(SB)
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Thermomax staff return to work
Thermomax staff are back at work today following an announcement last week that the company was being placed in administration. The Bangor based firm, which makes solar heating systems, ran into financial problems, though administrators PricewaterhouseCoopers said they were in talks with potential buyers and could have news later this week.
Thermomax staff return to work
Thermomax staff are back at work today following an announcement last week that the company was being placed in administration. The Bangor based firm, which makes solar heating systems, ran into financial problems, though administrators PricewaterhouseCoopers said they were in talks with potential buyers and could have news later this week.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
