Glasgow construction company Hunter Clark has gone into administration, with the loss of 168 jobs.
The contractor, which specialises in masonry and refurbishment work, turned over around £25m and employed over 300 people before the recession.
A statement on the company's website said: “Elizabeth G Mackay and Fraser J Gray of Zolfo Cooper were appointed Joint Administrators of Hunter & Clark Limited on 17th June 2010.
“The affairs, business and property of the company are being managed by the Joint Administrators. The Joint Administrators act as agents of the company and without personal liability.”
The joint administrators said: “The company has ceased trading with immediate effect. Regrettably as a result, staff have been informed that their roles have been made redundant.
“Unfortunately, the business has experienced severe cash-flow difficulties within a tough trading environment which has led to today’s decision. There remain a number of contracts for work outstanding and we will now enter a period of assessment with a view to offering these contracts to potential bidders.”
Hunter Clark had been working on the Stewart Memorial Fountain in Kelvingrove Park, and was carrying out the restoration and extension of the Rosslyn Chapel in Midlothian.