Border Steelwork Structures - which was founded in 1978 - has offices in Annan and Carlisle.
Michelle Elliot and Simon Carvill-Biggs, partners with FRP Advisory, have been appointed joint administrators.
They said unsustainable financial and cash-flow issues due to a downturn in contracts and rising operational costs had led to the situation.
The company has ceased trading and the joint administrators will now market the business and assets for sale which includes plant, machinery and a workshop in Annan.
Ms Elliot said: "Border Steelwork Structures is a long-established and highly regarded supplier of steel-framed buildings for a wide range of sectors and industries.
"Unfortunately, the business has been severely affected by a dramatic downturn in contracts and income and despite the best efforts of the directors to effect a turnaround, administration was the only option.
The original article contains 194 words, the summary contains 135 words. Saved 30%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Border Steelwork Structures - which was founded in 1978 - has offices in Annan and Carlisle.
Michelle Elliot and Simon Carvill-Biggs, partners with FRP Advisory, have been appointed joint administrators.
They said unsustainable financial and cash-flow issues due to a downturn in contracts and rising operational costs had led to the situation.
The company has ceased trading and the joint administrators will now market the business and assets for sale which includes plant, machinery and a workshop in Annan.
Ms Elliot said: "Border Steelwork Structures is a long-established and highly regarded supplier of steel-framed buildings for a wide range of sectors and industries.
"Unfortunately, the business has been severely affected by a dramatic downturn in contracts and income and despite the best efforts of the directors to effect a turnaround, administration was the only option.
The original article contains 194 words, the summary contains 135 words. Saved 30%. I’m a bot and I’m open source!