Consulting engineer Morgan Tucker has gone into administration, with the loss of 65 jobs.
The firm has called in administrators from FRP Advisory. Newark-based Morgan Tucker had branches in Nottingham, Leeds and London.
A spokesperson for the administrator said the company had faced severe financial pressure for a number of months and had sought new investment, which ultimately did not come to fruition.
“The company engaged consultants from FRP Advisory to seek buyers for the business, although, despite interest from number of parties, this was not successful. With cash-flow becoming unsustainable the company was subsequently left with no viable alternative other than to seek the protection of administration,” said the spokesperson.
Morgan Tucker has ceased trading and all 65 members of staff have been made redundant.
In 2015 it bought mechanical and electrical firm BES Consulting Engineers. The acquisition followed a £1M investment in the company from the Foresight Nottingham Fund.
Recent projects include an appointment last year by Ballymore to complete a full traffic and civil engineering service for its £120M London City Island development.
Morgan Tucker was appointed last December as structural and civil engineer for the Blackpool Conference and Exhibition Centre (pictured).