Huw Powell, partner at administrator Begbies Traynor, said: “Following our appointment, we identified one project capable of reaching practical completion.

“This was achieved successfully thanks to the hard work of the remaining staff and the willingness from Bristol City Council to work with the team.

“Unfortunately, a further 11 further redundancies have now been made. A small number of employees are still in place while we gather information to help us fulfil our duties as administrators.”

The administrators made 47 of the firm’s 66 employees redundant on their appointment.

Creditors will find out next month if they will receive any cash as the company’s assets are auctioned off next week.

Powell said: “We continue to work with the remaining contract employers, with the assistance of an external quantity surveyor in an attempt to maximise returns for creditors.

“We will be issuing our statement of proposals to creditors during the next month.”