Insolvency specialists from Begbies Traynor are now running the company and looking for a buyer.
APC director Jason Marsh told the Blackpool Gazette: "Despite substantial secured orders for the New Year, APC has been unable to recover from the non-payment of money owed by a major client. This is a very distressing time for all of the 50 employees and their families and we're doing everything we can to assist each and every member of the workforce.”
He added: "Structural steel companies are especially vulnerable at the moment with the depressed state of the construction industry and clients who continue not to pay."
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