293 staff have been made redundant after Murphy Limited, a London-based construction company, entered administration.
Nick Edwards and Rob Harding, partners at Deloitte, were appointed as joint administrators to the company on 23 October.
With a head office in London and regional offices in Manchester, Penrith, Preston, Sheffield, Ashford, Stanlow and Bradford, Murphy Limited employed 327 people across its sites.
Nick Edwards, joint administrator at Deloitte, said: “The company has suffered a prolonged period of difficult trading which has resulted in it being unable to meet its financial obligations.”
“Regrettably, owing to the nature of the services provided by the business and the investment required to continue to trade, there is no other option but to announce these redundancies at this time.
The administrators have confirmed a “small number of staff” will be retained whilst options are explored to dispose of Murphy Limited’s business and assets.
Northern Reliable Industrial Services Limited, Reliable Construction Limited and Clear Route Utility Services Limited are group companies unaffected by the administration of Murphy Limited, and continue to trade as usual.
Edwards added: “We have sought to retain a number of employees for the present time to assist the administrators with an orderly wind down and sale of Murphy’s business and assets.”