Ninety eight jobs have been lost at a Doncaster manufacturing company which was shut down two days after it went into administration.
Norking Aluminium Ltd had suffered cashflow problems as a result of a slump in the construction industry which it supplied.
Despite a healthy order book, the company, based on the LKH Estate on Tickhill Road in Balby, had accumulated tax arrears and had entered a Time to Pay arrangement with the tax authorities.
Insolvency specialist Wilson Field was appointed as administrator on April 4.
Despite efforts a buyer has not yet been secured.
Wilson Field insolvency practitioner Lisa Hogg said: “The directors sought our advice after a proposed finance package fell through.
“At this stage there were few options available for us other than to seek a new owner and despite our succeeding in finding several parties with an interest at this late stage, none have yet amounted to anything.
“As the company was not in a position to continue trading, it was with regret that all 98 staff have been made redundant. We will be working alongside all stakeholders to determine the most appropriate next steps for the benefit of all creditors.
“As soon as businesses start to experience difficulties they should seek advice from companies like ours while there may be time to make changes which could save the business or at least help secure potential buyers and therefore jobs.”
Norking specialised in the manufacture and installation of aluminium and glass facades.