Widnes-based demolition specialist J Bryan (Victoria) has called in administrators after experiencing cashflow issues.
Patrick Lannagan and Conrad Pearson of accountancy firm Mazars have been appointed joint administrators at the company, which ceased trading in late June, with all 56 employees made redundant.
The company was behind the botched demolition of two residential towers in Seaforth, Merseyside, in April 2016.
The towers were supposed to be demolished using a controlled explosion. But one of the towers, Montgomery House, was left standing after three failed attempts to demolish it.
The building was eventually demolished in May last year.
Mr Lannagan said: “The company experienced cashflow difficulties as a result of costs and losses incurred following the well-publicised issues with the demolition of tower blocks in Seaforth last year.
”This position was compounded in recent months as a result of a downturn in contracted work and, as a result, the director took the decision that the company should enter administration.
”The administrators will now proceed with realising the company’s assets, including the company’s freehold premises in Halebank, Widnes, and welcome any interest that may be forthcoming in those.”
According to its most recent accounts filed with Companies House for the year to 30 November 2015, the company had tangible assets of £2.8m and owed its creditors around £586,000.