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All 49 remaining employees have been let go.
The business was established in 1970 by Charles Gibbs with his son John, who was chairman at time of collapse. Until recently, annual turnover was in the region of £6m a year.
Joint administrator Chris White, a partner of The P&A Partnership, said: “C R Gibbs & Sons is a well-respected Sheffield business that has unfortunately been a casualty of both the downturn in the construction sector and cuts in the public sector. The majority of its contracts were within the public sector, including schools, universities and NHS Trusts.
Mr White added: “These are tough times for any business. I would advise companies that are concerned about their trading to ask for help from an accountant or other professional. Sometimes having a fresh pair of eyes on your business can help. Critically, the earlier you bring in an expert with an outside view, the better chance of either re-financing or turning around the business. The longer you leave it the less likely a rescue can be found.”
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