Administrators of the collapsed Liverpool firm Greenberg Glass Contracts say 70 people out of a workforce of 160 have lost their jobs as the battle continues to save the business.
The company, part of the Greenberg Glass Group, was placed into administration on Tuesday morning.
The firm, based at Wellington Business Park in the north of the city, supplies internal glazing to major commercial and retail developments around the UK.
David Whitehouse and Philip Duffy, partners at the Manchester office of administrator MCR, have been appointed to manage its affairs.
MCR told LDP Business on Tuesday evening it was talking to a number of possible buyers for the firm but that a sale was not certain.
A separate business, Greenberg Glass Emergency, which operates from Huddersfield, is not affected by the administration and continues to trade normally.
It employs 300 people and provides emergency replacement glass to many of the most famous names in British retailing.
David Whitehouse, partner at MCR, said today: “Increasingly difficult financial and market conditions have contributed to the company’s present situation. We will undertake a full analysis of the business to establish how returns to creditors can be maximised.
“The administrators continue to trade the business and are currently speaking with a number of interested parties and intend to actively market the business, although it is too soon to determine whether a successful sale of the business will be achieved.”