Lambert Contracts, which undertook a wide range of building and construction work, specialising in insurance reinstatement and fire contracts, in addition to general property maintenance, installation and repair work, has been placed in administration.

A total of 77 staff have been made redundant.

With offices in Paisley and Aberdeen the company employed 85 staff and engaged a significant number of labour-only sub-contractors. Founded in 1985, Lambert Contracts had a turnover of £14.7 million in the year to 30 April 2017.

Joint administrators, Derek Forsyth and Blair Milne, partners with Campbell Dallas, will now explore all options for the company.

Head of recovery Derek Forsyth said: “Lambert Contracts is a well-known name in Scotland’s construction sector with an excellent reputation for the quality of its client base and projects. Although the company has a large turnover, it had been suffering from cash flow problems and despite best efforts to raise additional funding administration was the only option.

“Unfortunately, 77 staff have been made redundant with immediate effect with the balance of eight staff being retained in the short term to assist with the wind-down of the business. We will do our utmost to provide as much support as we can to the employees. We will also be looking to sell any assets to generate value for creditors and would urge interested parties to contact us as soon as possible.”

Meanwhile, a provisional liquidator has been appointed following the collapse of another building firm in the south of Scotland.

Langholm-based T Graham & Son (Builders) Ltd ceased trading on 31 May.

The company, which was founded in 1982, employed 30 staff. Three have been retained to assist liquidators MLM Solutions.

Keith Anderson, from MLM Solutions, said the building firm had seen a fall in turnover and increasing price competition over the last 12 months.

He added: “This, coupled with delays in completing contracts, has resulted in significant trading losses and severe cash flow difficulties.

“We are working with the employees and liaising with other agencies to protect the interests of the employees at this very difficult time.

“Our focus will then be on disposing the company’s assets in order to maximise the recoveries for the creditors.

“All suppliers will be contacted in due course.”

Bonnyrig-based construction firm Crummock was placed into receivership on Friday with nearly 300 employees being made redundant.