The scale of the £23m-turnover firm’s debts across its supply chain was revealed in a Companies House update by administrator Quantuma.

Mackoy went down last month and was then sold out of administration in a pre-pack deal to Geocore Civils Limited saving 20 jobs.

Geocore Civils Limited was established on May 12 by directors Benjamin Bousfield and Michael Mayock.

Mayock wad founder and chairman of Mackoy and Bousfield Managing Director.

The new firm paid £50,000 up front for the business with a further £50,000 due in staged payments.

Administrators confirmed that more than 180 unsecured creditors will receive only 5p in the pound for their debts leaving them more than £5m out of pocket.