Newport-based construction firm Green Hill Construction has confirmed its intent to appoint administrators.
Company employees were informed in Mid-April that the company was no longer in a position to make payments for their services, before the workforce was made redundant on 11 April.
Green Hill Construction had previously undertaken multi-million pound projects including constructing 32 units in Newport for the Seren Group and the Melin Homes development on the former Brookfield Primary School site in Cwmbran.
Speaking to the South Wales Argus newspaper, company managing director Darran Watts said: “Green Hill Construction Ltd have filed a notice of intention to appoint an administrator – however the appointment has not yet been made.
“Given the aforementioned position and the fact that various discussions are currently ongoing regarding the future of the business it would be inappropriate for us to provide any comment at this stage.”
The imminent appointment of administrators to Green Hill Construction coincides with the announcement of a £3m pound support package for the Welsh construction industry, to be jointly funded by CITB Wales, the Sector Skills Council and Industry Training Board for construction and the Welsh government.
Green Hill Construction had previously received an investment of £146,650 from the Welsh government Economic Growth Fund, which created 15 new jobs.