Building firm Carvill Group is to place three of its companies into administration.

In a statement the company said the Carvill Group Limited, Carvill (Scotland) Limited and Carvill (Newcastle) Limited would all be affected.

Group Managing Director Christopher Carvill said: "This is a sad day for all of us who have tried so hard to find an alternative solution.

"I would like to thank all of the creditors who supported our efforts in this regard and apologise that we have not succeeded.

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"We are very hopeful that current projects in hand will continue to be developed during the course of the administration process. This should ensure that current employment levels will be maintained.

"However this will ultimately be a decision for the appointed administrators."

Administrator PwC is in charge at Carvill's Northern Ireland headquarters.

PwC said: "We are currently in discussion with the directors and will issue a further statement in due course."

The Carvill Group was behind the proposed redevelopment of the Sirocco works site in east Belfast.

The family owned and managed home builder has been in the business for over 60 years with offices in Northern Ireland, Scotland, England and Germany.

See: Readymix Facing Major Losses

(GK/BMcC)