Northumberland suspended ceilings firm, Classic Excel, has been placed in administration.
The firm, which employs 35 people, was run by David Jones, the chairman of the National Specialist Contractors Council.
A spokesperson for the NSCC said the management committee would consider what it meant for the future of the organisation.
He said: “It is extremely sad to see an established business such as Classic Excel go into administration last week and is a sign of just how deep this current recession is.
“The effect on all businesses, particularly family run businesses is devastating and we can only hope that the industry can work collaboratively and collectively in its response to the current economic climate.
“Dave Jones is the current NSCC President and the implications of this news will be considered by the NSCC Management Committee in due course.”
Administrators from Tait Walker were appointed on October 19.
The company was established in 1983 as a suspended ceilings firm, under its original name, Classic Ceilings. In recent years, the firm branched out into dry lining, interior fit outs and structural steel framing.
Mr Jones was unavailable for comment.