Cement-bonded wooden fibre blocks manufactured by the firm have been out there in the British isles for more than 15 a long time, even though the know-how was designed in 1947 in Austria.
The business, which operates from a manufacturing facility in Crumlin, South Wales, turned in excess of £1.7m previous 12 months, but slid to a £360,000 reduction.
This calendar year the business is understood to have forecast income could hit £2.8m revenue on the back of a solid purchase reserve place at around £6m by 1 supply.
Because administrators from Leonard Curtis took management headcount has been slice from 15 to 4 employees.
Durisol Insulated Concrete Kind (ICF) can conserve up to 30% as opposed to the charge of common brick and block masonry.
It was manufactured from recycled timber and applied very low carbon concrete to up its environmental qualifications.
But use of the inexperienced blocks, preferred in the self-develop sector, experienced unsuccessful to attain its probable with even larger housing developers.
A source advised the Enquirer: “We were being just commencing to gain in excess of corporations as creating reduced carbon residences will come into sharper concentration.
“It’s a serious disgrace the business was positioned into administration just as desire looked to be soaring.”
Corporations fascinated in the business can e-mail Leonard Curtis with bids thanks to be submitted before 2pm on 16 May perhaps.