Administrators at Palgrave Brown have made a further 207 redundancies.

Some 400 staff have now been made redundant out of a total workforce of 491 since November 10.

“Palgrave Brown was a well-established business but, given the conditions in the construction sector at present, it has not been possible to achieve a going concern sale of the whole of the business and this had, unfortunately, resulted in further redundancies,” said Graham Newton, partner of administrative receiver BDO Stoy Hayward.

“We are still working to secure a going concern sale of the remaining three sites,” he said.