SA electrical firm in liquidation

An electrical contracting firm in Adelaide has gone into liquidation with the loss of 45 jobs.

Administrators say VIP Electrical, which serviced the mining and manufacturing sectors, had critical cash-flow problems despite a forward order book in excess of $3 million.

With the downturn in the mining industry the business was not in a position to restructure, administrator Peter Lanthois of DuncanPowell said.