Serving the petrochemical industry, the company has suffered financially since the Murco Refinery closed in Milford Haven, resulting in fewer customers.
The winding up petition hearing was adjourned on Monday while PwC looks to sell parts of the business.
69 employees were made redundant upon appointment, while a further 88 jobs are still at risk.
Joint administrator, Roger Hale, commented:
“The company has had a long tradition of employing people in the local area, and we are focused on doing all we can to preserve as many jobs as we can while we look to see whether any part of the business can be saved.”
If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an insolvent business. There is a link at the end of the video to the Government website which expands further on what you need to know.