Nexus Power - Administration

Nexus Power, an Enniskillen-based utilities company specialising in extra high voltage cable jointing and offshore power, has been purchased via pre-pack administration by Manchester-based utilities contractor IES Utilities Group.

The company was founded in 2012 and has expanded to operate from sites in Enniskillen and Chorley in Lancashire.

Andrew Ryder of JT Maxwell was appointed voluntary administrator on 29 July for undisclosed reasons. Shortly thereafter, a pre-pack sale to IES—which already employs about 800 staff—was completed, preserving Nexus Power’s assets and workforce.