Mitchell Building Contractors says it has 'no option' but to cease trading, making 33 people jobless.
The firm closed yesterday (2 October) after 14 years in business.
The construction company has worked on large projects across Jersey in recent years, including La Moye Golf, Digital Jersey, the Jersey Gas site, first-time buyer houses in Trinity, the TMF offices at the International Finance Centre and the development of multiple homes on Deputy Philip Ozouf's farm - Highstead in St Saviour.
A statement from Managing Director Harvey Mitchell blames the 'extremely difficult' marketplace for its closure, claiming trade has been hampered by a 'broken planning system with ill-conceived policies severely limiting the number of projects coming to market for both private and States of Jersey schemes'.
He says this, combined with spiralling labour, plant and material costs, has made it 'simply untenable' for the company to continue trading.
"We appreciate this news is upsetting and very much regret the impact on our employees, clients, subcontractors and supply chain.
"We assure you all we are working with the liquidators to try and protect all interests during this extremely tough and distressing time.
"The directors would like to thank everybody involved with Mitchell and for all the hard work and efforts over the years, we wish you well in your future endeavours and are extremely saddened that we have had to take this unavoidable course of action. “
In July, Kalmac Construction, MAC Energy and Eden Interiors applied for insolvency with the loss of 78 jobs.
A month later, competition watchdog announced a review of Jersey's construction sector because of the loss of several big firms.
In May 2023 JP Mauger went into liquidation just three months after Camerons ceased trading. Both employed around 50 people.
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