Construction company building hundreds of social housing units goes into examinership

Blacklough Construction, which is currently working on developments for Respond Housing Association, is insolvent on a cash-flow basis and unable to pay its debts, court heard

Firm's difficulties have largely been caused by the unprecedented 33% rise in the cost of building materials the industry has experienced since 2020, court told.

An interim examiner has been appointed by the High Court to a construction company that is currently building over 360 social housing units at five different sites in Ireland.

Blacklough Construction Limited sought the protection of the courts from its creditors as it is insolvent on a cash-flow basis and unable to pay its debts.