Blackpool-based contractor Eclipse Developments, which has worked with high-profile clients including Merlin Entertainments, has called in administrators.
Administrators from FRP Advisory have been appointed at the 25-year-old company, which is based in Poulton-le-Fylde.
A spokesperson for the administrators said “a substantial contract dispute” had forced the company to cease trading, with all 18 jobs lost.
FRP declined to identify other parties involved in the dispute.
“Eclipse Developments (UK) ceased trading on 23 August 2017 and all 18 staff were made redundant,” FRP said.
“Following a substantial contract dispute the company ran out of working capital, leaving no viable option other than to enter administration.
“Lila Thomas and David Acland, partners at FRP Advisory, the business advisory firm, were appointed joint administrators to the company on 15 September 2017.
“The joint administrators at FRP Advisory have, since their appointment, continued with their statutory duties to realise the company’s assets in the interests of all creditors.”
Eclipse Developments specialised in leisure, retail and commercial work, and also had a bespoke joinery and furniture manufacturing business.
Clients the contractor worked for included Merlin Entertainments, the Ministry of Defence, the National Trust and Sleepwell Hotels, according to its website.
Among its portfolio of projects were Blackpool’s Star Trek exhibition, the Cala Gran Holiday Park in Fleetwood, and an expansion of Madame Tussauds – also in Blackpool.
According to its most recent accounts filed with Companies House covering the period from 1 April to 30 September 2016, the company had assets of £576,405 and owed its creditors £491,904.