0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

Northern Irish Construction Firm T&A Kernoghan Heads Into Administration

Reviewed: 29th April 2016

A construction company based in County Antrim in Northern Ireland has been entered into administration after failing to overcome a variety of financial and operational challenges in recent months.

T&A Kernoghan appointed administrators to manage its affairs in recent days, with several of the company’s suppliers left being owed thousands of pounds.

Around 50 full-time employees of the business, which worked on construction projects in various parts of the UK, have been made redundant with immediate effect.

A management buyout process was undertaken recently by the business with bosses suggesting soon after that this effort had saved dozens of jobs directly and meant several hundred sub-contractors would still be working with T&A Kernoghan going forward.

However, the business was hit by significant operational setbacks during 2015 when it was taken off two separate construction projects in different parts of Scotland.

In August, the company was removed from the processes involved in building a new golfing clubhouse by the South Ayrshire Council and a month later was taken off a £2.2 million scheme led by the Gorebridge Community Development Trust that was focussed on building a new community centre in the area.

According statements made by company directors, the management buyout process involving T&A Kernoghan was necessitated by losses incurred by the business over the course of its involvement in building a Sikh temple in Glasgow.

Statements from newly-appointed administrators said: “Following our appointment, it is with regret that due to the extent of the Company’s financial difficulties, the Joint Administrators have been required to make all staff redundant and cease operations across the various building sites throughout the UK.

“The Administrators and their staff will be responsible for maximising value for the Company’s stakeholders through the realisation of the remaining assets of the Company.”

Administrators also noted that a winding up petition had been brought against T&A Kernoghan in recent days, with that petition having subsequently been supported by several of its other creditors.

According to the Belfast Telegraph, the company owed one of its creditors as much as £800,000 upon its entry into administration, which is now understood to have left that as-yet-unnamed Northern Irish construction sector business in danger of collapse. Our extensive office network comprises 75 offices across the UK with a partner-led service offering immediate director advice and support.

Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Desling with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners