Rescued from administration a year ago, Antrim firm Mivan hopes to return to pre-collapse employment levels in two years.
Bought and reinvigoated by Newry businessman Brian McConville, the firm is now trading with more than 100 employees, many of them on the payroll when the firm went into administration at the end of January.
Withing four days Mr McConville, who founded the MJM Group in 1983, had done the deal to buy the firm’s assets including the name and confirmed his intention to rebuild the firm.
The business now has a multi-million pound order book for the year ahead and the future is bright for the interior fit out and specialist joinery company.
Invest Northern Ireland supported the creation of 28 of these jobs and provided support towards the costs of an Interim Manager to assist the company in identifying and implementing organisational efficiencies and best practices.
Speaking on a visit to the firm Junior Minister Jonathan Bell said: “The revitalisation of Mivan is very welcome news for the local community in Antrim, our construction sector and the Northern Ireland economy.
“Working with Invest NI, Brian McConville has helped to harness the specialist skills that had been built up within the global marine and fit out sector over the past 30 years and reverse the potential loss of a highly skilled workforce.
“Mivan’s commitment to continuous improvement and excellence will serve the company well as it focuses on securing new global contracts.”
Mr McConville said the acquisition had a sound foundation.
“This time last year we acquired the assets of Mivan. We were working in the same field so there were synergies between the two companies.
“We expected fairly slow growth while we got back up and trading, however with the experience of the former Mivan staff who re-joined the company coupled with MJM’s expertise we have already exceeded projections.
“Mivan now has a healthy order book and is actively pursuing opportunities nationally and internationally.”
The firms had also been able to collaborate on a number of jobs in the marine sector bringing together the strength of both companies to deliver major international projects, he said.
“We are delighted that we have been part of rebuilding Mivan and we are confident that in a very short space of time it will regain its place as one of the leading companies in Northern Ireland’s construction sector.”
Mivan was established in 1975 and this year celebrates its 40th anniversary.
The company has worked on some of the world’s most prestigious fit outs in hotels, public buildings, cruise ships and private dwellings including Wembley Stadium in London, Manchester’s Trafford Centre, the Museum of Islamic Art in Qatar and The Dome of the Rock shrine in Jerusalem.