MORE construction firms have gone under resulting in the “heartbreaking” loss of dozens of jobs.
Kalmac, MAC Energy and Eden Interiors – all part of the MAC Group – issued a joint statement this morning in which they said they had ceased trading and applied for insolvency.
It explained that the companies had “suffered greatly” over the last year, reportedly having lost two thirds of their work in Jersey due to the “downturn” in the housing market.
The statement continued: “Despite our greatest efforts, securing substantial work going forward, we have been unable to raise the capital required to overcome the historical debt to allow the businesses to trade going forward.
“This, coupled with ongoing bad debts, have made the businesses unviable and continuing would have created further risk to our suppliers and subcontractors.”
The statement added: “We are absolutely devastated that with the ceasing of the companies, this also involves our 78 employees losing their jobs and livelihoods, and this in itself is heartbreaking.
“We understand that this news will come as a shock, and we deeply regret the impact this decision will have on all our employees, clients and supply chain. We assure you, we will work with the liquidators to try and protect your interests during this extremely difficult and distressing time.”
Last year also saw the collapse of building firms Camerons and JP Mauger.
More in tomorrow’s JEP.
