MORE than 160 jobs are on the line after a Wigan-based house-builder went into administration.
The weakness of the UK property market was today blamed for the plight of McInerney Homes whose head office is at Beecham Court, Marus Bridge.
Some 14 redundancies have been made already while the rest of the workforce – which includes 82 in Wigan – have currently been transferred over to a profitable part of the group.
This should ensure that existing contracts are honoured, but what happens to the staff long-term at present remains unclear.
KPMG was last night appointed administrator to seven companies within the UK arm of the McInerney Holdings group.
Between them, they employ a total of 161 members of staff and are responsible for 32 private development sites across the UK, together with a number of social and commercial housing development projects.
KPMG say they intend to transfer a number of the private development sites to a solvent entity within the group, Ludgate Hill Developments Limited.
An agreement has been entered into between Ludgate Hill and a major housebuilder to develop these sites once the transfer has taken place.
The administrators have also agreed a second deal in principle with a number of the former McInerney Homes management team to acquire the social housing business.
The administrators are now conducting a consultation process with the remaining employee for each of the potential business transfers which is expected to last about two weeks.
FULL STORY IN THE WIGAN EVENING POST (TUESDAY) ...