Liquidator says 120 staff have been made redundant at London building firm after formal offers fail to materialise

London building firm Harry Neal Ltd has gone into liquidation, after it failed to be bought by one of four firms looking to make an offer.

Entrance to Courthauld Galleries at Somerset House

Directors of the beleaguered company, which had a £40m turnover in 2008, appointed liquidators UHY Hacker Young.

Harry Neal had debts of around £12m when it was put into liquidation. All 120 staff have been made redundant, liquidator Peter Kubik said.

Four parties were initially understood to be circling the firm, but Kubik said no offer was ever formally made.

Harry Neal was founded in 1886 and focused largely on refurbishment work for historic buildings in London, such as Somerset House and Garrick Club.