This announcement concerns the Harland & Wolff companies comprising Harland & Wolff Holdings Limited, Harland and Wolff (Belfast) Limited, Harland and Wolff (Appledore) Limited, Harland and Wolff (Arnish) Limited, Harland and Wolff (Methil) Limited, and Harland and Wolff (People & Skills) Limited (collectively “the Companies”).
The directors have reluctantly taken the decision, after a lengthy sales process with assistance from leading advisers, that survival of the Companies is no longer viable. They have concluded the best remaining outcome is to pursue a survival of the business under new ownership.
Progress has been made following the announcement by the Secretary of State for Business and Trade late last year. The Companies are currently subject to a sale process, which we expect to complete in the coming weeks. This sale will see the purchaser acquiring the majority of assets of the core Harland & Wolff businesses.
Notice of intention to file for administration of the Companies has been made. The trading environment has become increasingly challenging and throughout that time, steps have been taken to minimise spend within the business.
The proposed administrators are insolvency practitioners from Teneo. When appointed the administrators will follow up with the relevant initial correspondence and notifications to creditors. We have prepared a limited FAQ pending the appointment of the administrators, which will be published on this webpage.
