Local construction firm, Dixon’s Contractors LTD has went into administration, following a week of speculation.
The firm, based out of Dunlop, was set up in 1979 by the Daniel Dixon and has been under the family’s control since.
The family run business is divided into Three divisions Dixons Construction, Dixons Homes and Dixons Facades and have been involved in many big developments both within Co-Antrim and further afield., these have included contracts for work on behalf of the Housing Executive.
These contracts haven’t been without controversy as Dixon’s was one of a number of firms in January 2019 to begin legal action over the Housing Executives tendering of work. Previously in 2014 the firm was accused by then Housing Minister Nelson McCausland of being overpaid, a fact the company disputed. It later transpired they had in fact been underpaid and received £470k from the Northern Ireland Housing Executive.
There seems to have been no warning until last Thursday afternoon (May 18th) that the company was in difficulties with their most recent profit loss account – March 2018 – showing an overall profit.
The most recent set of company accounts did however show a loss of close to £500k for that financial year (2017/18) compared to a profit the previous year financial year (2017/18).
The company recently submitted plans to build 12 apartments on a site they acquired in Belfast. These were described on the plans as;
‘social/affordable housing units comprising 3 one bed & 9 two bed apartments, with provision of community pocket park, car parking, landscaping and all associated site and access works.’
The accounts also showed the the building contractor employs a total of 88 staff, a huge employer for the area, staff who will now be uncertain about their jobs.
Local Councillor Ivor Wallace said;
“I am saddened to hear that the local family run firm has had to take this action and concerned for the staff who will have their job security at risk.”
Dixon’s Contractors were ask to comment, but have yet to reply.
There is uncertainty as to what the future holds for the company under administration and will continue to trade, at least at present. If no rescue plan can be found, the family run business could be all sold off or in part and may even be put into liquidation if it can’t be saved.