Accountants from Baker Tilly are now in charge of the company which has ceased trading with the loss of 52 jobs.

The news follows days of uncertainty surrounding the firm after its head office was closed and sites shut.

Work was suspended on Anglo Holt’s eight live contracts on Friday and 52 of the firm’s 67 employees have now been made redundant.

Baker Tilly said: “The company had been suffering cashflow difficulties as a result of substantial contract losses over the last 18 months, leading to a working capital shortfall and resulting in an inability to meet supplier and subcontractor payments.”

One subcontractor owed cash said: “It’s just so horribly predictable.

“They stopped paying a few weeks ago then started dodging us every time we asked for our money.

“Now this happens and all the suppliers will be the ones to miss out again.”

Credit reference agency Top Service has been monitoring the company closely.

A spokeswoman said: “We have been receiving an increasing amount of calls and managed to recover £70,000 for one of our clients before the company went into administration.”

Latest accounts filed by the company for the year to April 2013 show it made a £237,000 pre-tax profit on a turnover of £44.5m

Administrator Guy Mander said: “The cashflow issues were such that the directors had little choice but to place the company into administration.

“We have appointed independent quantity surveyors to review the company’s contract base and we are currently liaising with the various customers to seek value and the best overall position for stakeholders on each contract.

“Regrettably, we have had to make 52 staff redundant and our specialist employee team has been assisting them both with making their claims from the redundancy payments office and offering general support and advice.”