Redworth Construction looks set to become the latest victim of the recession, after a company voluntary arrangement was rejected by creditors
The Yorkshire-based contractor, which specialises in the care sector, turned over £30m in 2008.
Since 10 December 2009, five county court judgments totalling £78,200 have been filed against the firm and a winding-up petition has also been lodged, with a hearing scheduled for 10 February.
Debtfocus, a debt management firm hired by Redworth, has told creditors that the directors of Redworth will not be contesting the winding-up petition, which may lead to the firm being liquidated.
Redworth Construction was unavailable for comment.