The company specialises in groundworks, civils and contract build projects and had a turnover of £23.2m for the year to January 31 2022 generating a pre-tax profit of £1.7m.
Sources close to the firm said staff started redundancy consultation late last month but have been “kept in the dark” since them.
Its sister demolition and muck away company Wooldridge Ecotec is also being wound-up.
Documents seen by the Enquirer reveal that creditors will be asked to approve the appointment of liquidators later this month to Wooldridge Ecotec which had a turnover of £14.2m for the year to January 31 2022 generating a pre-tax loss of £550,000.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.
Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.
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