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Builders Kernoghan facing winding-up petition over debts to painting firm

By Margaret Canning

Published 25/04/2016

A Co Antrim construction company is facing a winding-up petition over an unpaid bill
A Co Antrim construction company is facing a winding-up petition over an unpaid bill

A Co Antrim construction company is facing a winding-up petition over an unpaid bill.

Painting and decorating firm Michael Moore Contracts brought proceedings against T&A Kernoghan in the High Court on Thursday.

A hearing over the petition to wind up the Newtownabbey-based firm has been put off until June, court records show.

According to the Department of Enterprise, Trade and Investment, a winding-up petition can be presented by a creditor on the grounds that the company it is owed money by cannot pay its debts.

But the allegation that it cannot pay its debts has to be proved in court.

In its last full set of accounts, for the year ending March 31, 2014, the company had turnover of £25.4m and pre-tax profits of £77,000.

At that time it employed 88 people.

Another contractor told the Belfast Telegraph he was owed a "considerable" sum by T&A Kernoghan.

The businessman, who did not want to be named, said: "I've spoken to some other firms who are in the same position, but who are owed a lot more.

"These include plumbers, electricians and other general construction companies."

He added: "My own business is in jeopardy and I could end up following them down the road of insolvency."

T&A Kernoghan did not respond to a request for comment.

Last year T&A Kernoghan was removed from two major building contracts in Britain.

According to Scottish Construction Now, Gorebridge Community Development Trust removed the firm from a £2.2m project to build a community centre and office space in September.

South Ayrshire Council took the decision to remove the same contractor from a £1.5m golf clubhouse project due to various delays last month.

Meanwhile, a company registered at the same address on Blackwater Road, Mallusk, as T&A Kernoghan has been put into administration.

Business advisers PJG Recovery have been appointed administrators of Alom Properties - which also shares many of the same directors as T&A Kernoghan. PJG said it could not comment on T&A Kernoghan.

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