Dundee specialist engineering firm Galloway Group has gone into administration with the loss of 161 jobs.

The employees have been made redundant with immediate effect from the metal fabrication business.

Galloway Group Ltd and its subsidiary, Ductmate (Europe) Limited, which employ almost 200 people in total, were placed into administration on Monday.

Some outstanding orders are being completed with 33 employees retained to assist and to continue the trade of the Ductmate business while the possibility of selling it is explored.

The companies' main base is in Wester Gourdie Industrial Estate, with a small sales and design office in Dewsbury, West Yorkshire.

In a statement, the firm said it was a "very sad day for a long-established Dundee company".

It said: "The business has been under considerable pressure for a number of years.

"Demand in our traditional construction market has been very weak since 2012 and margins have been significantly reduced.

"In the recent past, the collapse of the oil and gas sector has applied further pressure. This has meant that the business has been loss making and under cash pressure.

"The directors have worked tirelessly, and in good faith, to avoid insolvency through a number of initiatives, including cost cutting, modernising the business offering and raising finance."

The statement added: "Efforts to raise finance are significantly impaired because of the high debt burden on the business from both previous borrowings and the final salary pension scheme.

"The board would wish to acknowledge the support of many parties, both in the private and public sector, all of whom have Galloway and its employees' interests at heart.

"We would especially wish to acknowledge the commitment, skill and hard work of the employees, many of whom have been with the business for a long time.

"This is a very sad day for a long-established Dundee company and our thoughts and best wishes are with the employees and creditors of the business."

Andrew Davison and Hunter Kelly, of EY's restructuring team, have been appointed joint administrators for the businesses.

Mr Davison said: "The redundancies which we have had to make are clearly regrettable.

"We are doing all that we can to assist these members of staff to make their relevant claims and are providing them with access to impartial advice to help them face the future."

He added: "In recent years, the companies have been loss-making as a result of weak demand in their traditional construction market.

"The fall in the oil price and subsequent pressure on the oil and gas sector has also impacted the company.

"The directors have undertaken a number of initiatives to try and counter these setbacks but unfortunately the pressures of the losses generated by these issues became too great and the directors were left with no option but to place the companies into administration.

"Any parties interested in acquiring any parts of the business or its assets should contact the joint administrators immediately."

The company made manufacturing products for the offshore industry as well as the interior of the Sir Chris Hoy Velodrome in Glasgow in its 140-year history.