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  #71   IP: 147.147.105.71
Old 20-02-2018, 03:43 PM
Powerfab Powerfab is offline
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Default Re: so basically they're bust

Graham,

Lagan are one of the largest and arguably best of the construction companies in N. Ireland and further afield. The groups have their fingers in several pies.

Unfortunately the Construction Index story is the better part of the headline. Breedon are after the Lagan Group which I believe is reasonably solvent. As they say, its interests span production of concrete, aggregates, bitumen, asphalt and tiles, as well as quarries, house-building and waste management.
I don't think they are at risk, but changes are certainly afoot.

However,
The Lagan Construction Group which is a separate entity (two brothers Michael & Kevin split the company several years ago) is in a dire position today.

http://www.bbc.co.uk/news/uk-northern-ireland-43125810

None of this looks good for the companies involved or for construction generally in Northern Ireland.
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  #72   IP: 81.151.174.184
Old 21-02-2018, 12:28 PM
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V8Druid V8Druid is offline
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Default Re: so basically they're bust

As you say ..... dire straits

"administrators called in at lagan construction .... Four companies within the Lagan Construction Group are going into administration, with 200 jobs at risk. "

http://www.theconstructionindex.co.u...n-construction
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  #73   IP: 81.151.174.184
Old 21-02-2018, 12:33 PM
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V8Druid V8Druid is offline
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Default Re: so basically they're bust

another load of slack to be absorbed ... GT will have their hands full, trying to absorb this one as well

http://www.theconstructionindex.co.u...m-defence-deal

" Galliford Try Lagan Construction Joint Venture (GTLC) has been awarded a 135m contract to upgrade infrastructure and facilities at RAF Marham near Kings Lynn in Norfolk. " (June 2017)
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