Mann Construction plunged into administration today, becoming the latest victim of the credit crunch.
A spokesman for Enfield-based Mann Construction said administrators had been called in this morning, but that no-one was available to comment further on the matter.
The firm which carried civil engineering, groundwork and reinforced concrete work mainly in the South-east was formed in 1996.
Its accounts for the year ending April 2007 show the firm had a turnover of £67 million.
Construction credit reference agency Top Service director Lisa Cardus said: “This is not really a surprise to us as we have been tracking late payments at Mann Construction for the past two years.”