James Killelea & Co. Limited has gone into administration.
Mike Dillon and Andrew Poxon of London insolvency service Leonard Curtis Recovery Limited have been appointed as joint administrators.
It follows the structural steelwork specialist, based in Lancashire, filing a notice of its intention to appoint an administrator on 13 October.
The company was established in 1970 by James Killelea and his son Robert, the managing director. Patrick Killelea, Robert’s brother, is the company’s financial director.
The family-run business provided structural engineering services that included 3D building design, structural steel fabrication and erection.
Company accounts for the year ended 31 May 2022 saw turnover had decreased by 50 per cent, from £22.7 million in FY2021 to £11.4 million.
Losses after tax amounted to £696,835 (FY2021: £361,041).
As a result, the company had a net shareholders’ deficit of £891,893 (FY2021: £195,058).
Leonard Curtis was approached for comment.
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