It is the third regional office to be closed in two years and leaves Keller with bases in Weatherby, Coventry, Cheltenham and London.

Justin Atkinson, chief executive, told the Enquirer: “We are in negotiations with the 10 people affected and are hoping to redeploy them where possible around the business.

“The underlying day-to-day business is quite difficult and we have carried out some tidying up.”

But he said the outlook for the UK business was now starting to improve on the back of orders in London for Crossrail and Victoria Station.

Keller has started on compensation grouting work, worth up to £30m on the Tottenham Court Road and Bond Street station jobs.

Next year it will mobilise for an even bigger contract worth £37m connected with the redevelopment of Victoria Station.

In a trading statement this morning, Keller warned that its group profits for the year would be below expectations after problems at one of its Australian companies and “growing pains” in India.

Before this morning’s the statement the international piling specialist was expected to return profits of around £29m at the end of the year.