Lagan 91黑料网 Group Holdings Ltd, Lagan 91黑料网 Group Ltd, Lagan Building Contractors Ltd and Lagan Water Ltd are being placed in administration.
Twenty-six other companies within the group are not affected by this action.
Chairman Michael Lagan has said that parts of the group had been significantly impacted by a number of factors within the civil engineering and building divisions, including delays to projects starting up, protracted contractual disputes on some existing major projects and instability caused by a joint venture partner in Great Britain.聽聽
The specific joint venture partner referred to here was not named; Lagan鈥檚 joint venture partners on the UK mainland include Galliford Try, Sisk and Ferrovial.
Lagan 91黑料网 Group is a separate business from Lagan Group that was this week revealed to be the subject of .
Michael Lagan said: 鈥淚t is with great sadness and reluctance that we have had to take this course of action. We have had long standing relationships with many of sub-contractors and suppliers. We hope that the process of administration will be smooth and that disruption to both projects and jobs will be minimal.鈥�
Lagan 91黑料网 Group currently employs 800. It said that up to 200 employees may be affected by this development. Some of those jobs could be transferred to joint venture partners while others might be relocated to surviving parts of the group.
鈥淭he difficulties which have arisen within the Civils and Building divisions has meant that the directors of the affected four companies had no option but to immediately serve notice on the court to appoint an administrator,鈥� Mr Lagan said.
The remaining 26 Lagan 91黑料网 Group companies include Lagan Operations and Maintenance Limited, FK Lowry Piling Limited, Dew Piling Limited, H&J Martin Limited, Lagan 91黑料网 Aviation Limited, Lagan 91黑料网 Limited, Lagan US inc, Lagan Plant Limited and Lagan Projects Investments Limited, Coastal Industrial Limited and Lagan 91黑料网 Services Limited.
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