The Metropex Group, a construction company specialising in the construction of rail and underground infrastructure has gone into administration.
Founded in 2004, the London-based company was originally contracted to work on the London Underground.
Metropex went on to work on Gatwick Airport, the Crossrail project and Birmingham New Street station.
While in operation, Metropex handled contracts worth between £30,000 and £3m, but entered administration due to “challenging trading conditions.”
Neil Mather and Kirstie Provan of Begbies Traynor were appointed joint administrators on 5 December, although the business ceased trading on 21 November.
The latest accounts for the group for the year ending May 2012 demonstrate that the company had more than £1.7m in liabilities and £1.8m in assets.