Construction firm Bardsley went into administration on Friday - leaving around 200 people out of a job just days before Christmas.
The business, based in Dukinfield, Tameside, was founded by joiner Roland Bardsley in 1964 and has remained in the family ever since.
Well-known through the North West, the firm has been involved in a number of key building projects in Greater Manchester including the recently completed redevelopment of Riverside House on the Salford side of the River Irwell.
Just last month, Bardsley was announced as winner of a £11milloin contract for Tameside College in Ashton-under-lyne.
But the Manchester Evening News understands the company has had severe cash flow problems this year due to delays in payments from a number of projects.
A source said of Friday's sad announcement: "It's been on the cards for months."
It is understood all staff - including around 80 sub-contractors - have been paid for their work in December.
But all will be looking for new jobs in the new year.
Bardsley was involved a number of private and public sector projects that are likely to be affected.
Sadly, a number of firms in the construction industry have gone bust this year including Welsh company Dawnus that was leading the Regent Road roadworks scheme and Cheshire-based Pochin's.
It is likely clients will have been aware of Bardsley's problems and will be looking to line up alternative contractors to keep their projects on track.
Bardsley was awarded an £11m contract to build Tameside College's new construction skills centre in Ashton-under-lyne last month.
The venue is set to house a range of courses under one roof, ironically to help combat a skills shortage in the construction sector.
Speaking at the time, Jackie Moors, principal at Tameside College, said they were "delighted" to give the work to a local employer, adding: "We are confident that Bardsley Construction will meet the high specifications required to meet the expectations of students and employers."
The scheme is due for completion in December 2020.
StayCity Aparthotel, New Cross
The firm secured a £17m contract to provide the eight-storey aparthotel on Mason Street as part of the New Cross regeneration project in the city centre.
The scheme, designed by Simpson Haugh, includes 224 rooms via one-bed and 176 studio apartments with reception, cafe and gym.
Work started in May 2018 and was due to be completed in January 2020.
Burnage Lane, Manchester
Bardsley is on site on Burnage Lane where it has been building 56 self-contained one and two-bed apartments for Southway Housing Trust.
The £8million project is set to deliver an extra care facility, also known as sheltered housing or assisted living.
It is a popular choice for the elderly as an alternative to a care home.
Karen Mitchell, chief executive at Southway Housing, said at the time: "The scheme was born from a great need and demand for extra care facilities in the area and while providing a community and environment for older residents, will also free up other much needed homes for young families."
Adrian Rooney, housing and development director at Bardsley, added: "This prestigious project builds on our expertise in the provision of such specialist facilities and will regenerate a former brownfield site on Burnage Lane which has remained vacant for several years."
Oaklands House, Fallowfield
Bardsley began work on 36 one and two-bedroom apartments for older people on Wilbraham Road in Fallowfield.
The Oaklands will also be an extra care facility built for Onwards Homes.
The first floor will feature a suite specially designed for people living with dementia and includes apartments, a lounge, quite room and outdoor terrace.
The apartments were due for completion in early 2020.
Blossom Street, Ancoats
Bardsley was appointed to deliver a £30m scheme of 143 apartments in Ancoats in 2017.
The development includes two separate buildings, one eight-storey and one seven-storeys, with a mix of one, two and three-bedroom apartments and three townhouses.
The PRS project for Mulbury was originally due for completion in October 2019 but was expected to be handed over in the new year.
Gatley Road, Sale
Bardsley started on site at a £6.6million scheme for Trafford Housing Trust in February this year.
The firm was designing and constructing 29 apartments for affordable rent, ground floor commercial space, nine houses and some communal parking and highway improvements on Gatley Road, Sale.
The scheme was due for completion in February 2021.
Meadowside, Manchester city centre
The firm was appointed in 2018 as a main contract on MeadowSide, the flagship development from the Far East Consortium (FEC) on the edge of the city centre.
Bardsley was involved in deigning and constructing a part 9 and part 12-storey building to create 136 one, two and three bedroom apartments as well as five 3-bed townhouses and commercial units.
Mount Yard was due for completion in July 2020.
FEC declined to comment when contacted by the M.E.N but it is understood an alternative contractor will be lined up.
The completion date is likely to be pushed back.
Gorton Lane, Manchester
Bardsley had a £15.7million contract to transform the land of a former pub into a large-scale housing development.
The Gorton Lane site is part-owned by One Manchester and Manchester City Council.
The firm was designing and constructing 102 apartments and 13 houses on two parcels of adjacent land and it was expect to be completed in December 2021.