Published Tuesday, 04 December 2012
The group is made up of Joseph Hughes Painting Contractors and JH Industrial Cleaning Services.
The businesses were established in 1977 and were major subcontractors to the Ballymena-based Patton Group which went into administration on 6 November.
Almost 250 of the 320-strong Patton workforce lost their jobs.
Stephen Cave and Paul Rooney from PricewaterhouseCoopers have now been appointed as Joint Administrators to a number of companies within the Joseph Hughes Group.
This is another severe blow to the construction sector and is particularly difficult for the workforce so close to Christmas.
Stephen Cave, Joint Administrator
"The Group has suffered growing cashflow difficulties as a direct result of the downturn in the construction sector," Mr Cave said.
"A Company Voluntary Agreement was already in place, but the collapse of pattons has made the Group's position untenable and it can no longer continue to trade."
He added: "We regret that we have this morning advised the workforce that all 147 staff will be made redundant with immediate effect.
"We are conscious of the impact this will have on staff and their families and have been in touch with DETI and DEL to see if redundancy payments can be made as soon as possible."
The administrators were appointed on Monday at the request of the directors.
© UTV News