Administrators from recovery and insolvency specialist FRP Advisory LLP stopped production at the firm on Monday and sent staff home.

The workers will return on Friday for an update as FRP strives to sell the business as a going concern following contact from a number of potential buyers.

Joint administrator David Thornhill told the Enquirer: “Since Britspace entered administration on 15 August, we have been working hard to identify a buyer for the business and have already received a number of expressions of interest.

“All members of staff have been fully briefed on the situation and as yet no redundancies have been made.

“We have asked all staff to remain at home until Friday, when they will return for a second update.

“Although we have paused production at Britspace to preserve working capital, we will continue to aggressively pursue a sale of the company and hope for a positive outcome.”

Britspace was sold to venture capitalists TTC Ventures in June.

Managing director David Harris said at the time of the deal: “They have acquired Britspace as they believe that it is in a sector that is destined to grow ahead of general construction and well positioned to address the opportunity that this presents.

“It is the intention to grow Britspace into a strong industry leader over the next 18 – 24 months and build a unique longer-term position in the market.”