The Northamptonshire headquartered business turned over more than £35m according to last published accounts and operated out of several branches across the south, Midlands and Wales.

Despite challenges posed by Covid and timber prices, the firm had been expanding and bought Cardiff-based Castleoak Offsite Manufacturing from administrators just 18 months ago.

The firm is understood to employ over 200 staff.

The roof truss manufacture was set up in 1986 by Tim Robinson as a division of Hilton Timber.

In 2015 Simon Kidney, coming from a former investment banking background, took up the role of CEO as part of the management buyout.

This saw a period of expansion, tripling revenue through a series of acquisitions.

Administrators from Teneo Restructuring have taken over the running of the business after being formally appointed last Thursday.