A spokesman for Acheson & Glover Group Limited, a non-trading Holding Company that owns Acheson & Glover Limited and Acheson & Glover Precast Limited, confirmed it had been placed into Administration on 2nd May 2014.
However, he added joint administrators from BDO were in the process of completing the sale of trading subsidiaries to a new company owned by Raymond Acheson who has headed the business for more than 30 years and this would enable the trading business to continue as normal without any impact on staff, suppliers or customers.
Both trading subsidiaries continue to be unaffected and are trading as normal.
Glover Precast manufactures and supplies a range of concrete products for use in construction projects across the UK and Ireland. It employs 180 staff and has a turnover of around £16m.
Acheson & Glover Limited manufactures and sells a range of paving, walling and kerbing products to the commercial and consumer markets throughout the UK and Ireland. Its popular Outside Room concept has seen a large rise in consumer sales at a time when homeowners have been opting to improve their homes rather than move. It employs around 200 staff and has a turnover in excess of £16m.
Acheson & Glover has locations at Dungannon, Ballygawley, Fivemiletown, Toome, Omagh, Carryduff, Belcoo, Newry and Magherafelt.