Liverpool-based gas fire manufacturer Robinson Willey has gone into administration.
All 60 members of staff have been made redundant from the company which made made pre-tax losses totalling £2.5m in the three years up to July 2008.
Administrators Paul Stanley and Gary Lee of insolvency practitioners Begbies Traynor have been appointed to find a buyer for the business and its assets.
The company, which designs and makes gas and electric heating and ventilation products, blamed its collapse on “cash constraints and a diminishing order book”.
Lee told the Liverpool Echo that the administrators are trying to find buyers for both the business and all its assets.
Around one-third of employees were made redundant as part of an earlier restructuring plan which brought extra funding from government and directors in May 2008.