Sheffield interiors company, Wisewood Interiors, has shut down after being hit hard by a bad debt.
The firm was established in 2010 and serviced construction contracts throughout the UK for major supermarkets.
Managing Director Andrew Hartley established the company as a provider of drylining, suspended ceilings and partitions and had enjoyed success in securing contracts with national retailers such as The Co-Op, Tesco, Lidl and Aldi.
However, Lisa Hogg and Kelly Burton of Sheffield business turnaround experts Wilson Field, were appointed as joint administrators on November 21.
They advised that the best course of action was to close down the six year old business, based on Wisewood Road in Sheffield, with all seven jobs set to be lost.
Director and Insolvency Practitioner at Wilson Field, Kelly Burton commented: “Historically, the company offered its services to a range of retailers but suffered from a sizeable bad debt.
“The director took advice from Wilson Field with the business being forced to close.”
Operating on a national basis and based in Sheffield, Wisewood Interiors was established to provide a competitive suspended ceiling service to private customers and main contractors, with an emphasis on reliability and quality.
The company soon expanded to cover extra core activities. Among these were all interior drywall systems, together with traditional hand applied and machine applied projection plaster and render systems.
Meanwhile, a campaign to save Sheffield’s derelict Old Town Hall and Courtrooms has been given a funding boost.
Friends of the Old Town Hall campaigned for two years to save and restore the Grade II-listed Waingate building, which has been on and off the property market.
The group has been awarded £7,700 Lottery funding to set up a charitable trust and help preserve the building.
Chairperson Valerie Bayliss said Sheffield’s origins were on that site.
Ms Bayliss said: “The original settlement was down by the confluence of the Rivers Don and Sheaf, with the castle from the 13th to the 17th centuries.
“Old maps show Sheffield began in this patch and spread out over the centuries.”
