Administrators from Dow Schofield Watts are now in charge of the business which specialised in bathroom pods.

OEP Building Services was hoping to reach a turnover of £18m in 2020 but was hit hard by the pandemic and the Enquirer understands that OEP is still in adjudication with its insurance company over a £250,00 business interruption claim following a five-week Covid shutdown.

OEP has also been hit by surging materials prices on its fixed price contracts particularly steel, timber, adhesives, plastics and M&E components which are estimated to have cost the business £600,000 this year.

The company also faced the withdrawal of a major loan facility when its peer-to-peer lender went under and lost £350,000 during the collapse of contractors including CPUK, Marcus Worthington and Cruden.

A sister company of OEP Building Services which manufactures its steel frames has taken 88 employees across under the TUPE regulations.