The firm, which traces its origins back to the former UK civil engineering contractor Johnston, grew into one of the biggest contractors operating across the West Indies.
During the last decade, the firm employed many expat construction staff and achieved turnover around £180m specialising in building holiday resorts from the Cayman and Turks and Caicos islands to Belize.
The British Caribbean Bank called in the receivers last week after locking staff out of their offices in the bank’s own building two weeks ago.
Johnston chiefs continue to remain tight-lipped over the problems but at least two directors are thought to have resigned in recent weeks.