PricewaterhouseCoopers has been appointed administrator for the holding company.Carvill (Scotland) Ltd and Carvill (Newcastle) Ltd are also to fold.
Group managing director Christopher Carvill said: "This is a sad day for all of us who have tried so hard to find an alternative solution. I would like to thank all of the creditors who supported our efforts in this regard and apologise that we have not succeeded.
"We are very hopeful that current projects in hand will continue to be developed during the course of the administration process. This should ensure that current employment levels will be maintained.
"However this will ultimately be a decision for the appointed administrators."
Ongoing projects include the £600m Sirocco Quay project, a 15-acre mixed-use development on Belfast’s waterfront. Plans for the site include 5,000 apartments. Carvill paid £40m for the site in 2006.
As previously reported in February, Carvill had been trying to trade its way out of administration with a CVA.
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