Administrator BDO confirmed the firm had ceased to trade immediately with work stopping on all its sites.
Administrators Shay Bannon and Danny Dartnaill said: “Regrettably, the majority of the 255 employees have been made redundant.
“Unfortunately the economic climate and difficult trading conditions significantly affected the business.
“The joint administrators are taking all necessary steps to mitigate losses and, going forward, will seek to maximise recoveries for the benefit of all creditors.”
BDO is now seeking buyers for the assets of the company.