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We don't have a dedicated thread for economic related news and annoucements so here it is.
Starting off though with a disappointing story. I don't think we'll see Patton's disappear but the future structure of the company is uncertain and does nothing to stabilise the Northern Ireland property development sector which has been suffering terribly in recent years with some massive names now gone.
Starting off though with a disappointing story. I don't think we'll see Patton's disappear but the future structure of the company is uncertain and does nothing to stabilise the Northern Ireland property development sector which has been suffering terribly in recent years with some massive names now gone.
BBC NewsBallymena firm Patton goes into adminstration
Administrators have been appointed to the Ballymena based Patton group.
The company had warned on Monday that it was facing serious financial problems.
The group had until recently managed to survive the downturn in construction industry and was behind a number of key construction projects. But last year it posted a loss of £7m.
It currently employs 320 staff in various parts of its construction business.
A family-run firm, Patton's has been in business for the past 100 years.
The administrators will now take over the day to day running of the businesses and decide its future.