AROUND 30 jobs in Solihull have been lost this week as the borough-based company Piper Construction Midlands Ltd went bankrupt.
The company, based in Widney Lane was established more than 50 years ago and ceased trading last Friday.
A subsidiary of Piper Securities Holdings Ltd, it built homes mainly in the Midlands.
The managing director, Denis Parkin said: "Piper Construction Midlands Ltd ceased trading on October 31 and a creditors' meeting has been called for November 14 at which time a liquidator will be appointed.
"No other company in the Piper Group is affected. All continue to trade satisfactorily."
A spokeswoman said the builder had got into serious financial difficulties and could not carry on operating. Of those who had lost their jobs, 22 were building labourers, she said.
"It's a very sad time," she added. Mark Botwood, of Wolverhamptonbased Muras Baker Jones, is dealing with the liquidation.
In 2006, Piper Homes won a top industry award for its Scholars Gate development in Birmingham city centre.
The project involved remodelling the interior of Grade II listed former school buildings to create 22 luxury apartments and a townhouse.