Jobs lost as Anglo Holt Construction enters administration
A building firm in West Bromwich has gone into administration with 52 of its 67 workers made redundant.
Anglo Holt Construction Limited, founded in 1969, developed industrial and commercial buildings.
Joint administrators Baker Tilly said the company had suffered "substantial contract losses" over the past 18 months, leading to an inability to pay suppliers and contractors.
Eight live projects were suspended over the weekend, it said.
Guy Mander, from Baker Tilly, said: "The cash flow issues were such that the directors had little choice but to place the company into administration.
"We have appointed independent quantity surveyors to review the company's contract base and we are currently liaising with the various customers to seek value and the best overall position for stakeholders on each contract."
He confirmed 52 workers had "regrettably" been made redundant.