好色先生TV

Hertfordshire contractor JRL has bought McMullen Facades just days after it was announced the Lakesmere business had been placed into administration earlier this week.

The Northern Irish construction company鈥檚 administrator Deloitte confirmed the purchase but declined to put a figure on the deal.

Peter Allen, joint administrator and partner at Deloitte said: 鈥淲e are delighted to have concluded the successful sale of McMullen, retaining all 270 jobs. McMullen remains a profitable business that unfortunately was affected by cash flow issues in the wider Lakesmere group.鈥�

Based in Borehamwood, JRL was set up in 1996 and its best known business is its concrete frame arm J Reddington while other divisions include plant firm JRL Plant, a drylining business and London Tower Cranes.

In its last set of results for the year to December 2016, JRL, which is carrying out the concrete frame work on a 75-storey residential building in Canary Wharf, posted revenue of 拢289m, up from 拢252, while pre-tax profit quadrupled to 拢16.1m.

A JRL Group spokesman said: 鈥淭he acquisition of McMullen gives us the capability to offer a 鈥榮tructure and envelope鈥� package. This will give clients a single point of contact to get a watertight building, whilst allowing savings on preliminaries, improved coordination, better programme and risk management benefits.鈥�

McMullen is based in Moira, Northern Ireland, with a factory in Portadown and head office function in Winchester.

Its most recent financial results for the year ended 31 January 2016 showed turnover of 拢37.3m versus 拢25.9m from the previous 12 months. 

好色先生TV of the Northern Irish construction business鈥� administration came after its parent company Lakesmere went into administration at the beginning of the month.

McMullen, which was set up in 1971 and was bought by Lakesmere in 2012, employs 270 staff.

At the time Allen and joint administrator Richard Hawes said the firm would continue to trade and added that employees鈥� jobs were safe.

The pair, who were appointed as administrators of Lakemere after the business collapsed on November 3, also said: 鈥淭he business will continue to trade whilst we seek to sell it as a going concern and there are ongoing discussions with a number of interested parties.鈥�

The company previously worked on projects including the London 2012 media centre at the Queen Elizabeth Olympic Park and Belfast鈥檚 tallest building The Obel. It also worked on the 2011 Stirling Prize winning project, the Evelyn Grace Academy (pictured) in south London designed by Zaha Hadid Architects.