Civil engineering firm Options Utility Services has entered administration, but continues to trade without making redundancies.
The company, whose clients include major utility and infrastructure providers, employs approximately 60 permanent staff from its headquarters in Maidenhead, along with more than a hundred subcontractors around the South east of England.
Joint administrator Phil Armstrong, of FRP Advisory, said: “Options Utility Services was fundamentally a successful business with a great client portfolio. However, its margins have been so squeezed as a result of rising material and fuel costs, it has suffered financially. We are continuing to trade the company as normal, while we seek a suitable buyer for the business.
“Given its sound reputation and long-standing major client base, we have already received a number of expressions of interest and we are confident that a purchaser can be found.”