Published Thursday, 08 November 2012
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UTV understands that two thirds of the over 300 strong workforce could be made redundant.
Jamie Delargy, UTV's Business Editor, said: "I think workers will be brought in tomorrow to be essentially given their cards. I think it could be in and around the 200 mark.
"I want to stress that this has not been confirmed by the administrator. He is saying nothing tonight.
"However, from several well placed sources, I'm convinced the redundancy plan will begin tomorrow."
Earlier this week, the firm entered administration due to financial difficulties experienced as a result of the industry downturn.
The company has traded for 100 years and has a total turnover of around £140m. It specialises in house building, fit-out and construction, and posted pre-tax losses of £7m last year.