The Enquirer understands that directors of the £20m turnover firm are in talks with accountants about the future of the construction business.
A source at the company told the Enquirer: “The management are currently in discussion about how to keep the business going.”
He said that some staff had left the firm on Friday.
G.A.J has built up a strong track record in school building but the firm has been hit by a drop off in orders.
“It got to the point where the company was winning less than one in ten bids. There is fierce competition on prices at the moment,” he added.
The main holding company consists of three trading business: a building contractor, developer and car parking business, which operates out of offices in Poole and offers design, build and finance services.