All 33 staff have been made redundant by administrator Leonard Curtis as the firms ceased trading.

Leaonard Curtis said: “Both entities have experienced recent difficulties due to the need to move trading premises, requiring a significant amount of investment to install a new railhead, and a slump in trading revenues.”

Dane O’Hara of Leonard Curtis added: “Despite an extensive marketing exercise being carried out, and prolonged negotiations with potential buyers and funders, we could not conclude a sale. So both entities were forced to cease trading activities and seek the protection of Administration.

“Our focus now is to safeguard and realise the value held in remaining assets across both entities, for the benefit of the creditors of both estates.”

The administrators were sent in by Ashville’s main funder Cynergy Business Finance.

The company has an extensive fleet of tippers, grab lorries and artics and has been in business since 2016.