Around 100 jobs feared lost as social housing contractor ceases trading
AROUND 100 jobs are feared lost after contractor JMC Mechanical & Construction ceased trading on Monday.
The family-owned company, which operated across sites in Co Armagh, Co Down and Lisburn, specialised in social housing contracts.
According to the Lurgan Mail, staff were informed on Monday that the company had entered administration.
DUP Upper Bann MP Carla Lockhart last night confirmed the job losses.
JMC’s head office is in Waringstown, with additional sites in the village of Bleary and in Lisburn.
The latest set of accounts for the company had 108 staff on its books at the end of March 2020.
While the firm had remained profitable for the 2019/20 financial year, revenues were already falling before the outbreak of the Covid-19 pandemic, slipping by around £1.3m to £10.7m.
In the accounts, which were signed off by the owners in February 2021, the directors James and Bernadette McCully said revenues and profits had continued to fall in the current year as a result of lockdowns and Covid-19 factors, with the company trading at a reduced rate.
But they said “enough work has been available to continue as a going concern”, adding that “robust structures are in placed to continue trading”.