Wadkin Group has gone into administration just days after announcing a refocusing of the company.
Philip Lyon and Russell Grove from Mazars have been appointed administrators for the Leicester-based company.
Earlier in September the group said it was refocusing after closing its Wadkin Manufacturing classical machinery production business due to rising competition from cheap imported machinery. The move led to 26 jobs being cut.
At the time managing director Peter Smith said the refocusing was vital for the long-term viability of the company.
Mr Smith led a management and employee buyout of the total interests of the company in 2005. The company also moved to a new purpose-built site in Leicester.
More details will follow.
