The Notice of Intention was submitted to the Court on Monday, giving the company temporary protection while it markets the business and advances a pre-pack sale.
Operations are continuing as normal during this period, with the firm confirming it will remain up to date with payments to suppliers and subcontractors.
The company added: “There is no immediate impact to clients, ongoing projects or employees.”
Samantha Peck at E.J. Taylor & Sons Limited said: “We can confirm that the company has filed a Notice of Intention to Appoint Administrators as part of a restructuring process.
“We are working with professional advisers to achieve the best outcome for everyone associated with the business via a sale to a new company backed by existing stakeholders.
“The intention is to complete this transaction in the new year with no break in trading, protecting current projects and jobs. The business continues to trade normally in the meantime and will continue to make supplier and subcontractor payments. We will make a further announcement as soon as the transaction completes.”
Glyn Mummery, Partner at FRP and proposed administrator, added: “We are supporting the directors of E.J. Taylor & Sons through a restructuring process that is intended to safeguard the long-term future of the business.
“Filing the NOI provides the necessary breathing space to progress a sale and protect the company’s operations. Our immediate focus is on helping the directors achieve a going concern outcome that preserves jobs and ensures continuity for clients and the wider supply chain.”
According to the latest financial results, E.J. Taylor & Sons reported a turnover of £41.1m for the year ending 31 March 2024, posting a pre-tax loss of £2.5m and employing around 140 staff.