Troubled social housing maintenance company Connaught is likely to appoint accountancy firm KPMG as adminstrators today.
The company, which provides social housing repair and maintenance services to local authorities, has a number of builders merchants amongst its suppliers and was trying to secure short-term funding to get it out of difficulties.
Trading in shares was suspended this morning and the funding has not been forthcoming.
Connaught employs 10,000 people, and issued a profit warning in June saying public spending cuts would see its revenues fall by £80m this year.
In July it said it was set to breach its banking covenants.