277 jobs saved at County Antrim firm
The jobs of 277 employees at a driver hire contractor in County Antrim which had been put into administration have been saved it was announced on Thursday.
Westport Resources Limited was placed into administration on 15 December.
Mr Walter Lismore of Lismore Group was appointed as administrator.
The Lismore Group arranged a pre-packaged sale of the company which was completed on 22 December.
Westport Resources, which was established in 2006 by Alexa Geddes, provided contract drivers and other personnel to government bodies, as well as transport and haulage companies in Northern Ireland.
Administrator Mr Lismore said that, although the company had negotiated a two-year contract with a government department in 2008, it was still unable to turn a profit and the company fell behind with tax payments.
"In addition, difficulties in obtaining payments for services provided caused pressure on the company's cash flow," he said.
"These difficulties resulted in crown debts accumulating and HM Revenue and Customs recently issued a winding-up petition in the High Court.
"A rescue has been achieved through the administration process and all of the jobs of the employees have been saved."