Stunned staff were given the news last Friday and a raft of suppliers now fear they will be left holding worthless invoices.
The firm’s website is no longer working and one member of staff wrote on LinkedIn: “Current employer who I have been with for over three years went into liquidation without warning today. Now actively seeking new role.”
Administrators Andrew Andronikou and Brian Burke of Quantum Advisory Limited are now in charge of the company.
the Inquirer understands one of Edge DBS’s largest contracts was at the London South Bank University upgrade programme.
A site source said: “A lot of people have been strung along there and a lot of people are very unhappy about how this has panned out.”
Edge DBS has been in business since 2008 and the director with significant control is David Smith.
Companies House records show Smith has more than 20 active company directorships.
Latest accounts for Edge DBS for the year to May 31 2020 show it made a pre-tax profit of just over £1m from a turnover of £21.4m and employed 18 people.
The accounts also show the amount owed to trade creditors had risen to £7.4m from £1.8m the previous year.