Joint administrators Blair Nimmo and Gary Fraser of KPMG said the contractor had a well-established client base but was hit by late payment and big projects delays.
At its peak in 2006 around the time of a management buy-out, the contractor employed about 200 employees but at the time of the joint administrators’ appointment employee numbers had reduced to 79.
Six staff have been retained to assist the joint administrators in realising the company’s business and assets.
The company, established 55 years ago, operated throughout Scotland and the North of England with the civil engineering division forming the backbone of the business.
The sports surfacing arm had a sole supplier agreement with synthetic grass specialist FieldTurf, which helped it secure big artificial playing surfaces jobs for Rangers’ and Hearts’ training grounds, schools and HM Prisons.