The £13m turnover firm has been in business since 1980 and worked from the far West of Wales to the South West of England.
Jistcourt opened a new regional office in Bristol just last month after winning a £6.2m contract with Bristol City Council to deliver a three-year planned maintenance programme covering more than 500 kitchens and 125 rewires per year in properties across the city.
Managing director Robert Norman, talking about the new office, said “This represents a significant investment for the company at a very exciting time in our growth.
“We plan to diversify our client base and geographical reach – but in a sustainable way.
“The new base will enable our planned expansion into the South West targeting planned maintenance programmes and new build developments, our two specialities.
“We realised we couldn’t grow any further without expanding our remit further east, and we have a three to five-year manageable growth plan in place, however we are committed to sustainable, steady growth.”
Huw Powell of administrators Begbies Traynor told the BBC that “challenging, loss-making projects” caused cash problems.
He said: “Despite a strong order book, this has left the business with a legacy of debt and no way of rectifying the situation.
“Reluctantly, the directors have taken the difficult step of making 47 of their 66 employees redundant.
“Together with the remaining staff, Jistcourt’s directors will be working with clients on remaining live projects to bring them to a workable conclusion.”
