Marlborough International, one of Ireland's largest recruitment companies, has called in receivers after suspending its shares in Dublin and London because of the "uncertainty" of its current financial condition.
The company was founded in 1992 and employs around 300 people in Ireland and Britain.
Its shares rose from the 1997 flotation price of 74p to a height of £3.26 at one point three years ago.
At the time of today's suspension the shares were trading at 10 pence (17 cent).
The company announced the appointment of Ernst and Young as receivers after failing to sell two British operations.
Last November, Marlborough reported losses of £732,000 (€1.2 million) for the six months to August.
The recruitment firm also said non-executive director Mr David McGonigle has resigned with immediate effect.
