Mechanical and electrical contracting services provider Hilton Business Services Limited has entered administration, resulting in 63 redundancies.
Chris Pole and Richard Phillpott were appointed joint administrators on 27 June.
Pole said: “Like many suppliers to the construction industry, Hilton Building Services Limited’s business was badly affected by the prolonged economic downturn which a decline in the demand for its services.
“These challenging trading conditions and changing dynamics in the market ultimately led to the business being placed in administration.”
“Due to the contractual nature of the business it has not been possible to continue to trade in administration. Unfortunately this has resulted in us making a number of redundancies immediately upon appointment.”
Hilton Building Services, established over 100 years ago, employed 73 staff at its offices in Nottingham and London. Following the appointment of administrators 63 people have been made redundant.
Pole said: “Over the next few days we will be assessing whether a number of remaining contracts can be transferred to alternative contractors to preserve value.”
Other associated companies – Hilton Cannon Electrical Limited, Hilton Bodill (Construction) Limited – have not entered administration and continue to trade as normal.