Ashdown Lyons filed for administration on February 20 and 60 staff were made redundant with immediate effect.
On its website the firm claims it carried out more than 7,000 surveys and valuations per month for several mainstream lenders.
But Jeremy Lyons, chief executive of Ashdown Lyons, says: “The lack of instructions made trading untenable. We would like to thank our friends and clients for their support, as well as our loyal staff.”
Ashdown Lyons’ subsidiary Lendersafe is not affected and will continue to work with lenders and surveyors.
Industry consultant Jonathan Cornell says the decline in surveying activity is partly down to lenders hampering brokers’ ability to instruct surveys.
He says: “Once brokers lost the ability to choose who they wanted to instruct, life was going to be difficult for Ashdown Lyons. It’s sad that such a great firm has gone.”
Another surveying firm, Christopher Rodgers, was placed into administration on February 13. It stopped accepting new instructions on February 9 and all 30 staff have been made redundant.
Chris Rodgers, chief executive of CRL, says: “The management considered this closure carefully and the redundancies were a last resort.”
He is keen to stress that the firm’s CR Energy arm, which provides Energy Performance Certificates, will continue to operate.