The agency After Adoption provided support to around 8,000 people each year for almost 30 years across England and Wales, working with more than 70 local authorities.
A notice of the closure released by the Consortium of Voluntary Adoption Agencies (CVAA) said the organisation had been "affected by a disruptive reform programme implemented in a time of year-on-year austerity, leading to short-term contracts, poor commissioning and insecurity for independent providers".
The agency's website announced the closure last week, with services in some areas transferred to alternative agencies, and advising that paying service users should seek compensation through the administrators.
Ofsted rated the agency "outstanding" in 2015 and then "good" in March 2018.
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