DERRY building contractor Active Maintenance Solutions Ltd (AMS ) has gone into administration with the potential loss of all 24 jobs at the company.
AMS, which undertakes construction projects in both the public and private sector, has appointed Michael Drumm of CavanaghKelly to look after its financial affairs, and staff have been advised of the situation. The company is based at Springtown industrial estate
Founder and owner Gerry Donaghy expressed his sadness, citing insurmountable financial challenges caused by inflationary cost pressures.
He said: “We set up the business in 2000 and in the 22 years since, we have never faced the financial pressures and difficulties that we have experienced of late. It is with such deep regret that we have to make this decision.
“I want to take this opportunity to thank our dedicated and skilled workforce. We recognise the blow this has on all who depend on the company for employment, which will be felt all the more painfully given the time of year. Despite our best efforts we find ourselves in this position.”
The administrator has informed staff that he would be temporarily suspending operations whilst he carries out a further review of the options available to the company.
Customers and suppliers are in the process of being contacted by the administrator and there will be an update to all stakeholders on the situation within the next week.