Belfast Telegraph

Collapse of Mirvan costs 98 jobs

Almost 100 jobs have been lost after one of Northern Ireland's main construction firms went into administration.

Merger talks at Antrim-based Mivan failed to reach agreement amid intense competition in the global market for specialist fit-out and building contracts.

Outfitting the Scottish Parliament at Holyrood and refurbishing the luxury QE2 liner are among prestigious projects the company has been involved in.

A spokesman for administrators Deloitte confirmed that 98 posts had gone.

Mivan No 1 Ltd employed 289 people when it entered the restructuring process earlier this month and is the main trading company created from changes to the group in 2012.

The firm holds a Queen's Award for Export and has twice been named UK Construction Firm of the Year.

Other previous contracts include re-roofing the Dome of the Rock mosque in Jerusalem, work on Disneyland Paris and theme park development for Universal Studios in Orlando, Florida.

The company was founded in 1975 by Dr Ivan McCabrey while he was still an engineering student at Queen's University Belfast.

The remaining employees will stay in post while Deloitte explores a potential sale of the business.

Administrator Peter Allen, of Deloitte, said: "While we hope to achieve a potential sale of the business, we are reviewing trading on a daily basis and this includes the employment situation.

"Where customers can no longer continue with contracts, the jobs associated with these contracts have, unfortunately, been lost.

"We would like to thank the Company's employees for their support and professionalism during this time."


From Belfast Telegraph