Worried suppliers have been watching the company closely since its sister firm went into liquidation earlier this month.

Intelligent Steel Solutions went down owing suppliers £1.4m while a report from 360 Insolvency said the firm “relied to a large extent on supplying structural steel for projects being conducted by Henley Construct Limited.”

A notice in The London Gazette yesterday confirmed that 360 Insolvency has now been appointed administrator at Henley Construct and can be contacted at [email protected].

Henley Construct – which had a turnover of £21m in 2021 – and Intelligent Steel Solutions share the same directors – Kashif Zafir Usmani and Tariq Zafir Usmani.