All 22 members of staff have been axed at a civil engineering firm after it collapsed into administration.
McMahon (Contractors Services) appointed BDO business restructuring partners, Jo Wright and Tracey Pye, as joint administrators on February 10.
The company, based in Long Marston, Warwickshire provided groundwork and civil engineering contractors services but ceased to trade on February 6 2012.
Ms Wright, BDO business restructuring partner, confirmed all of the employees had been made redundant after the company became the latest to succumb to tough market conditions.
She said: “Unfortunately the economic climate and difficult trading conditions have significantly affected the business. The administrators are taking all necessary steps to maximise recoveries for the benefit of all creditors.”
