The Nuneaton firm was started five years ago by former Laing O’Rourke construction director Martin Hewlett and worked mainly in the Midlands and Wales on jobs worth up to £10m.
During the last year the turnover at the business fell from £14m to £11m as jobs were delayed or mothballed. The firm had also suffered from fiercely competitive pricing in the concrete frame market.
Concentral has worked on several high profile concrete jobs, including Ballymore’s Snow Hill project and Sir Robert McAlpine’s Peat House in Birmingham.
More recently Concentral worked on concrete jobs for Bam Nuttall at Coventry University and Shepherd’s job for Loughborough University.
Administrators from Milton Keynes accountants Mazars are now handling the business.
The firm in conjunction with its Australian partners, carried out the design of post tensioned structures using its own subsidiary Concentral PT to carry out the work.
In the last set of accounts Concentral made a pre-tax profit of £309,000 on £10.8m turnover.