Halsall Construction Limited has filed a notice of its intention to appoint an administrator.
An application appears to have been lodged with the Companies Court on Friday (5 April).
The petitioners appear to be Julie Palmer and Andrew Hook, with representatives from law firm Bryan Cave Leighton Paisner.
The family-owned business started in 1974 and has since grown into a multi-disciplinary regional contractor and developer operating across the South West.
Halsall is part of the Shepperton Group, a property and development group based in Bath.
The contractor also has an office in Bath as well as Exeter.
Latest accounts show the company suffered significantly reduced turnover and losses on several key contracts on fixed prices.
Halsall Construction and Bryan Cave Leighton Paisner were approached for comment.
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