Twenty jobs set to go as Belfast company Sheridan and Hood shuts down
A well-known Belfast engineering company has ceased trading after almost 50 years with the loss of around 20 jobs.
Sheridan and Hood, a family-owned company set up in 1968, provided mechanical and electrical engineering services to the construction industry.
Based in east Belfast, it worked on major projects throughout Northern Ireland.
Insolvency practitioner John Gordon of Napier and Sons said the company had stopped trading three or four weeks ago with debts of around £300,000.
"It's a very sad situation," said Mr Gordon. "Work had simply dried up and they found that they weren't big enough to compete.
"It's a case of a company making it through the recession but not surviving it at the end. They're going to appoint a liquidator shortly.
"All wages are paid up to date. Some staff have got other jobs and I understand that a few have transferred to a sister company, BS Holdings."