According to a report from administrator KPMG subcontractors and suppliers have been left over £6m out of pocket from the collapse of the £50m revenue construction group.

Other big creditors include: Lloyds Banks, owed around £2m, bond companies, owed nearly £8m and HMRC owed just over £1m.

The construction contracting group fell into administration in July weighed down by losses on several contracts and cost pressures from the Covid-19 pandemic.

Over 120 staff lost their jobs when the two main trading businesses Cruden Construction and smaller maintenance work specialist Cruden Property Services were closed.

Around a dozen sites were left in the lurch after KPMG decided that the business would be unable to trade in administration.

Howard Smith, joint administrator, said that even secured creditor Lloyds would be unlikely to recoup the full amount of overdraft extended to the group.

Smith said: “While trading had been challenging for some time, the impact of Covid-19 was the final straw. Discussions to sell the business did not progress, leaving no option but to close.”