The specialist joinery contractor which completed the Velodrome roof and façade for the London 2012 Olympics has gone into liquidation.

Wood Newton, which had also been working on another Olympics project – Eton Manor – involving one of the largest clear spanning timber structures in the UK, is now in the hands of RSM Tenon Recovery after suffering financial difficulties.

“Wood Newton has been providing the timber works for the main facility building on Eton Manor,” said an Olympic Delivery Authority spokesperson. “We are working with the principle contractor to ensure there is no impact on the delivery of the project.”

One TTJ contact said the failure of such a high-profile specialist, following other company failures in the sector, raised questions about the ability of UK companies to meet the increasing demand for engineered timber structures.

Sutton-in-Ashfield based Wood Newton has won a string of high-profile projects since being established in 2001, none more so than the timber ceiling and façade for the Veldrome.

The Velodrome project, finished last year, involved a timber ceiling comprising more than 1,000 birch-faced composite timber panels sitting on top of a steel cable-net roof structure, while the external façade features large volumes of western red cedar cladding.

Directors of the company attended the official opening of the venue in February when British cycling start Sir Chris Hoy tested the track.

Wood Newton was also working on the Eton Manor Olympic project, comprising a tennis centre and hockey pitch for the Paralympic Games. Due for completion in July, the building includes engineered structural timber and western red cedar feature.

Wood Newton has also worked with celebrated architect Lord Rogers on a government £60k Design for Manufacture Competition in Milton Keynes.

The Oxley Woods development, a £14m contract for Wood Newton, saw the company supply and install 145 factory produced timber frame homes. for Taylor Wimpey.

Other prestigious projects have included specialist doors at the National Gallery and the National Tennis Centre.