The Donegal business – part of the group in Tyrone – was closed down by Ulster Bank.
Another related company, Latlorcan Developments, which behind homes in Monaghan, is also in administration.
The Donegal-based business had assets of €4m, but owed more than €5.5M.
The company is well known in the North West because it was once the main sponsors of the Tyrone GAA county team.
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