Nottingham-based M&E contractor Hilton Building Services has gone into administration with 63 staff made redundant.
Chris Pole and Richard Philpott of KPMG were appointed joint administrators to Hiltons on 27 June.
The company employed 73 staff at its offices in Nottingham and London, 63 of whom have been made redundant since administrators were called in.
Mr Pole said: “Due to the contractual nature of the business it has not been possible to continue to trade in administration.
“Unfortunately this has resulted in us making a number of redundancies immediately upon appointment.
“Over the next few days we will be assessing whether a number of the remaining contracts can be transferred to alternative contractors to preserve value,” he added.
Hiltons has been established for over 100 years and provides a range of mechanical and electrical contracting services to clients across the UK.
KPMG said the company was affected by the economic downturn, which caused a decline in demand for its services.
“These challenging trading conditions and changing dynamics in the market ultimately led to the business being placed in administration,” Mr Pole added.
The business was owned by the Hiton family until 2008, when managing director Nick Gaunt led a management buyout of Hiltons.
Other associated companies Hilton Cannon Electrical Limited, Hilton Bodill (Construction) Limited have not entered administration and continue to trade as normal.
Meanwhile, GF Tomlinson has given 48 staff at its Birmingham contracts business notice of redundancy consultations, and shut down its housing division in the city.
The 48 staff are principally contract workers, such as contract managers, surveyors and accounting staff, but the firm insists fewer than 48 will be made redundant.
No other offices are affected by the restructuring.
The Birmingham business had two arms – contracts and housing. The housing business has been closed down and no longer has any employees.
The group has around 250 staff based in the UK.
A spokesman for the company said: “The GF Tomlinson group is restructuring its group operations and has unfortunately taken the decision to reduce the number of staff at its Birmingham office, which will remain open.”
The Birmingham office will remain open, and GF Tomlinson Birmingham will continue to trade, albeit at a reduced level.
Swansea council is looking for a new contractor to complete the £6m refurbishment of Glynn Vivian Art Gallery following the collapse of Opco Construction.
KPMG has been appointed as administrator to the Cardiff-based firm, which has entered administration with 55 employees made redundant.
Opco provided design and technical services to the construction industry and operated in south Wales, the South-west and the South-east.
In February it began work on a £6m contract to refurbish Swansea’s Glynn Vivian Art Gallery and a £1.5m six-storey residential and commercial building on the banks of the River Usk, in Newport.
A Swansea council spokesman said the process of appointing a contractor would take three months and it expects a new contractor to be on site a month later.