The Wright Group, a construction business, based in Hull, has gone into administration.
The group's 38 employees have mostly been made redundant.
Mark Loftus, Ian Green and Rob Birchall of PricewaterhouseCoopers have been hired as joint administrators.
The Wright Group is comprised of Wright Group (Holdings) Limited, T. Wright & Son Limited and Wright (Hull) Limited.
The private house builder built exclusive developments across Yorkshire.
The downturn in the British housing market and a failure to raise development funding have been cited as reasons for the move.
