Founded in 1975, Ailsen specialised in the design, installation, commissioning and maintenance of multidisciplinary projects for contractors like Costain, Kier, Interseve and Wates.
But several problem contracts hit cashflow and meant Ailsen could not meet supplier and subcontractor payments.
The management has taken the decision to cease to trade after inviting in administrators from Baker Tilly. Now 17 of the firm’s 20 directly employed staff have been made redundant.
Dilip Dattani, partner at Baker Tilly in the Midlands 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.”