A huge construction company founded by two Donegal brothers is on the verge of going into administration.
Killybegs-born Cormac and Patrick Byrne are the founders of the Ardmore Construction Group.
They have been responsible for some of the biggest building projects in Britain.
However, it is now understood the company is on the verge of entering administration.
The news has sent shockwaves through the construction industry.
The company has already stopped work on a number of high-profile projects.
Several of the companies within the group are due to be affected, including Ardmore Major Projects and Ardmore Hotels and Commercial.
The company notified the High Court in London yesterday of its intention to take the step, citing significant potential liabilities linked to alleged historic building defects.
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Those liabilities have undermined its ability to secure new contracts, prompting the move towards administration.
The company is currently on a number of sites under construction.
They include a 462 flats complex in Kensington and Chelsea, Hammersmith Civic Campus and Kensington Forum Hotel.