Administrator Deloitte will keep M&E specialist trading while seeking a buyer

Almost 150 staff at MJN Colston have been made redundant, after the 拢100m-turnover M&E

Administrator Deloitte confirmed the job losses in a statement this afternoon. MJN Colston will continue to trade while Deloitte seeks a buyer for the stricken firm.

While 148 employees have been made redundant, 272 staff have been kept on.

Daniel Butters, joint administrator and partner at Deloitte, said: 鈥淥ur appointment follows a strategic review of MJN Colston Limited鈥檚 financial position.  

鈥淲e intend to trade the business in the short-term with a view to selling and novating the contracts to other providers. 

鈥淲e will continue to work with the company鈥檚 suppliers and customers and will seek to find a buyer for the business and assets to minimise disruption.鈥�

MJN Colston did the M&E work on Arsenal Football Club鈥檚 Emirates stadium development.

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