Harland & Wolff has said its shares will remain suspended as the embattled shipbuilder looks to navigate a path to survival.
The company said on Monday that work on its 2023 accounts had been suspended, with resources being instead being focussed on efforts to “preserve” core operations and decide a “route forward”.
It comes after a group of shareholders representing 30% of the company raised fears that Harland was being lined up for a “pre-pack administration”.
Harland subsequently said it would not comment on “options or interested parties” as a review takes place following several hits to the company.
These included government refusal to grant the company a bailout and the loss of a £120 million contract in the Falklands in recent weeks.