Beleaguered engineering firm Forge Group has decided to enter voluntary administration just a day after placing its shares in a trading halt, following news that key financiers had withdrawn their support.

Forge has reportedly entered talks to appoint Ferrier Hodgson as its administrator, just a day following its announcement to the Australian Securities Commission that it was withdrawing its shares from trading. The decision by the company to halt trading of its shares had been prompted by news that Forge had lost…