Administrator Zolfo Cooper said it had laid off 273 staff with immediate effect. But a prepack deal with a company called SCP Renewable Energy has saved the vast majority of jobs at the failed Kinetics Group.

On Wednesday Kinetics Group social housing repairs division DC Group was wound-up in the High Court while gas installation arm Seaflame went into administration.

Now Cameron Industrial Services and Lord Group have also been placed into administration.

But a new company SCP Renewable Energy has bought the shares and assets of three companies within the failed Kinetics Group.

The three companies Seaflame, Walmott and T A Horn, bought from administrator Zolfo Cooper, are expected to be renamed and will trade as Kinetics North, Midlands and South in future.

It is hoped most contracts held by the Kinetics Group will be novated to the new company helping to protect many of the jobs at risk.

A spokesman for the Zolfo Cooper said: “Administrators are in talks with various parties at the moment to try to preserve as many jobs as possible.

“At present it looks like around 643 jobs are safe.”

The Kinetics Group employed around 1,000 staff through its various trading companies before it was placed in administration.

Around 450 workers were employed by DC Group on a contract for Liverpool Mutual Homes and the hope is to transfer most over to a new contractor when LMH re-tenders the contract.