Loach Construction & Development specialised in new build, refurbishment and fit-out projects worth between £100,000 and £12m.
Established in 1959, the firm operated across various sectors including industrial, residential, education, retail and commercial.
The building employed 17 staff, with 14 being made redundant prior to the appointment of administrators.
BDO joint administrators will now be seeking a purchaser of the company’s trade premises at Mile End Road, Colwick, Nottingham.
Eddie Kerr, BDO business restructuring partner, said:“Unfortunately, the Company suffered the repercussions of a general downturn in its core customers’ markets which, coupled with significant delays to key projects, resulted in a deterioration of its working capital position.”