The historic shipbuilder Harland & Wolff has announced last week that Harland & Wolff Group Holdings PLC entered into administration.
As it is reported, the company’s subsidiaries in Northern Ireland (Belfast), Scotland (Arnish and Methil) and England (Appledore) are not subject to insolvency processes and are continuing to trade under the control of their directors.
To remind, Harland & Wolff is a wholly owned subsidiary of Harland & Wolff Group Holdings plc (previously known as InfraStrata plc), a London Stock Exchange-listed firm.
In accordance with the announcement, the administration process involves the Harland & Wolff Group Holdings PLC.
According to various media outlets, administrators were appointed on Friday after the company gave indications last week that this would happen.
Last week the company said Gavin Park and Matt Cowlishaw were appointed joint administrators of Harland & Wolff Group Holdings Plc on September 27.
The affairs, business and property of the company are managed by the joint administrators, which act as agents of the company and contract without personal liability.
