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| Glass firm enters administration | |
| (10 minutes later) | |
| A glass company based in Mallusk which employs 75 people has gone into administration. | |
| McNeill-McManus Glass Limited has been in the industry for more than 80 years. | McNeill-McManus Glass Limited has been in the industry for more than 80 years. |
| A statement released by the administrators said the firm had been "significantly impacted by the downturn in the construction industry". | A statement released by the administrators said the firm had been "significantly impacted by the downturn in the construction industry". |
| It said the decrease in the level of orders, combined with severe cash flow pressures left the directors no option but to place it in administration. | It said the decrease in the level of orders, combined with severe cash flow pressures left the directors no option but to place it in administration. |
| The statement added that the administrators, BDO Stoy Hayward, are currently undertaking an assessment of the company's position with a view to its sale as a going concern. | The statement added that the administrators, BDO Stoy Hayward, are currently undertaking an assessment of the company's position with a view to its sale as a going concern. |