Monday, October 19, 2009

DOWN - Economic Downturn Sinks Cunningham Stone

A long-established County Down stone-cutting firm faces closure after its administrator applied to have the company wound up.

Cunningham Stone had been in administration for some time, saying it had been forced to reduce operations due to the economic downturn reports build.ie. In papers submitted to the High Court the administrator, John Hansen of KPMG, has said there is no prospect of the company being saved.

Cunningham Stone supplied granite kitchen worktops and stone products.