Administrators from Deloitte were appointed on 10 January and a week later they let go 98 of the 289 employees. The remaining 191 employees were kept on while efforts continued to sell the business as a going concern.
However, this has now proved fruitless and a further 144 staff were made redundant yesterday.
Administrator Peter Allen of Deloitte said: "We received a number of indicative offers, but unfortunately no purchaser was able to complete.
"Although the business will now close, we are hopeful that there will be meaningful interest in a packaged sale of the assets."
A rump of staff is being kept on to help the administrator finalise existing contracts that are close to completion.
Mivan was founded in 1975 by Dr McCabrey (pictured below) while he was still an engineering student at Queen's University Belfast. It worked on several high-profile projects overseas including the restoration of the Dome of the Rock in Jerusalem in the 1990s, for which it won a Queen's Award for Export. It also worked on the fit-out of Disneyland Paris, the Scottish Parliament Building and the Millennium Dome.
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