18 jobs were saved in Ferns today when Lodgewood Engineering emerged from Examinership. In the High Court in Dublin a scheme was approved which allows the company to continue trading as one of the leading engineering companies in the South East. The company also operates a tool and garden machinery centre off the N11 just outside Ferns.
Managing Director William Plummer said: ‘I would like to thank our suppliers, loyal employees, customers, friends, our investors Irish Sea Contractors and the Examiners Hughes Blake for their support in recent weeks. With a strong order book in place for 2016 we hope to grow the business again and increase employment in Ferns over the course of this year’.
Examinership is a recovery process for businesses that find themselves in difficulty.