Cement-bonded wood fibre blocks generated by the firm have been obtainable in the British isles for more than 15 years, despite the fact that the technology was produced in 1947 in Austria.
The business, which operates from a factory in Crumlin, South Wales, turned about £1.7m final calendar year, but slid to a £360,000 reduction.
This 12 months the enterprise is recognized to have forecast revenue could hit £2.8m revenue on the again of a solid get ebook place at around £6m by 1 resource.
Considering that administrators from Leonard Curtis took manage headcount has been reduce from 15 to 4 personnel.
Durisol Insulated Concrete Form (ICF) can help save up to 30% in comparison to the charge of conventional brick and block masonry.
It was produced from recycled timber and utilized minimal carbon concrete to up its environmental credentials.
But use of the green blocks, well known in the self-develop sector, had failed to get to its potential with more substantial housing developers.
A resource advised the Enquirer: “We have been just starting off to gain more than firms as making small carbon properties comes into sharper concentration.
“It’s a genuine shame the small business was put into administration just as desire looked to be increasing.”
Corporations interested in the business can electronic mail Leonard Curtis with bids because of to be submitted ahead of 2pm on 16 May well.