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An official notice uploaded to the London Gazette today has revealed that a construction company with over 35 years of experience has plunged into liquidation. L & D Construction Southwest is based in Plymouth, providing services across the counties of Devon and Cornwall. It is part of the L & D Group, a specialist mechanical and electrical company. Today's notice says that liquidators have officially been appointed.

"Notice is hereby given of the appointment of the liquidator of the company by the Secretary of State for Business and Trade," it reads. Liquidators were appointed on February 18, according to the notice. Paul Palmer and Emily Whaley of Marshall Peters were appointed joint liquidators. As opposed to administration, which aims to save all or a viable part of a business, liquidation is the process in which the business's assets are sold off, and its creditors are paid. This is often the case when other options have been explored, but the business still can't pay back its debts.

L & D Construction South West Ltd has an address at Lister Close, Newnham Industrial Estate, Plympton, Plymouth. The company has more than 35 years of experience in the construction industry, according to its website.

"We operate in many sectors, including new build housing developments as well as housing association projects such as heating system upgrades, it says. "The L and D Group are proud of the level of repeat business that we have achieved."

Its clients include Cornwall Housing, Devonshire Homes, Legacy Properties and Tilia Homes, to name a few. The business specialised in plumbing, heating and air-conditioning installation, according to The Gazette.

A petition to wind up was initially reported by The Gazette in January. This was followed by notices for resolutions for winding up and the appointment of liquidators.

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It is not the only such business to collapse into liquidation over the past few weeks. A number of well-known manufacturing and recycling companies have also entered liquidation.

Reasons given for such moves often include increased cost of materials, labour costs and tough trading conditions. One business, which makes parts of railway tracks, collapsed into liquidation after being in business since the 1950s.

Meanwhile, a Scottish family-owned engineering firm collapsed into liquidation last month after operating for nearly 100 years. Additionally, a family-run UK furniture company also collapsed into liquidation.