Civil engineer that went into administration on Monday says decision was triggered entirely by global downturn
Directors at Mann Construction have released a statement blaming the global downturn for the firm having to go into administration.
The Enfield-based civil engineering firm confirmed on Monday that it had called in administrators. Its founding directors Peter Manning and Brian Mulry said the decision had been triggered entirely by the current economic climate. They added that their they hoped their employees would be able to find work quickly despite the downturn.
The administrators are yet to be named. Once in place, they will be responsible for running the business, the directors said, and eventually for winding it up or disposing of it as they see fit.