Administrator Deloitte announced that 260 of the total 290 staff at contractor Doyle were to be made redundant as the firm went into administration last week.
The organisation comprises plant hire firm Blythewood, civil engineering contractor John Doyle Construction and commercial fit out contractor Ibex Interiors.
In a statement, Deloitte said in the absence of any funding, there was “no alternative” but to close the Ibex Interiors and John Doyle Construction businesses, triggering the redundancies.
“The group has suffered a prolonged period of difficult trading which has resulted in it being unable to meet its financial obligations,” said Deloitte Restructuring Services partner and joint administrator Richard Hawes. “We are in discussions with several interested parties to sell various parts of the business. We will continue to trade the Blythewood business on a limited basis with a view to securing a sale as a going concern.”