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Auction of assets to be held as 33 jobs go at Co Armagh firm

More than 30 jobs have been lost after a Co Armagh firm ceased trading.

Administrators were appointed to mechanical installation company Maurice Stevenson Ltd five weeks ago and there was a concerted effort to try and save the 33 jobs in the firing line.

However, the Lurgan family company, which had been in business for nearly 100 years, was wound up.

An auction of its assets will now be held.

Insolvency expert Gerard Gildernew said: “Following a comprehensive assessment of the options available in respect of the business, including efforts to find a buyer for the business, it has ceased trading.

“The administrator is proceeding to achieve the best outcome for creditors, and this will involve the company assets being placed at auction within the next fortnight.”

Auctioneers James Armstrong will hold a public auction of the company’s assets on March 11 at the company’s headquarters on Annesborough Industrial Estate.

The assets include a mobile site office, a Volkswagen Beetle Sport, office equipment and hammer drills.

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