Scottish contractor UBC went into administration with the loss of 240 jobs last month.
Two new companies – UB Hebrides and UBCivils – have now risen from the ashes of the failed firm.
UBCivils is already working on a former UBC power line job and both firms are negotiating to take on further ex-UBC contracts.
A spokesman for the new UB Hebrides owners told the Stornoway Gazette: “We are setting up this new company to support the former directors of the UBC Group and to establish a company that will be firmly rooted in the Western Isles.
“UB Hebrides will provide long-term employment by creating jobs for island based tradesmen and will help to stabilise the islands’ economy.”
But the move has sparked fury among former UBC suppliers.
One local commentator said: “Quite a few people are upset at the announcement that a new company is rising out of the ashes of UBC – but without the mountain of debt that brought that company down.”
Another added: “All those companies will never be paid yet this company is set to work in these parts again.”