Thirty-eight employees have been made redundant following the administration of Monwel Ltd in Ebbw Vale.
The Welsh signage manufacturer ceased trading on July 30 this year and officially entered liquidation in August.
Begbies Traynor’s David Hill and Peter Dewey have been named as liquidators of the firm, which was established in 2013 to provide employment for disabled individuals.
Administrators have cited high employment cost, decreased sales and a deficit of approximately £400,000.
The firm was established as a social enterprise in 2013 with a previous trading history of 47 years.
