The scale of the company’s debts was highlighted in an update at Companies House filed by administrators who took charge of the firm in July.

Curo also owed its 135 ex-employees £860,000 and HMRC nearly £3m in outstanding VAT, PAYE and National Insurance payments.

Sister company Curo Interiors, which also went into administration in July, had debts of £1.9m to suppliers and owed the tax authorities £450,000.

Founded in 2013, Curo carved out a niche in the London refurbishment and fit-out market working across commercial offices, heritage schemes, industrial projects, data centres and film studios.

The business delivered major projects including work at Shinfield film and TV studios near Reading alongside high-end London office fit-outs, with schemes typically valued between £2m and £80m.

Latest accounts for the year to September 2024 revealed turnover slumped from £157m to £108m after completion of the firm’s flagship Shinfield Studios job and delays to new project starts.

Pre-tax profit also tumbled from £3.2m to £1.2m while cash reserves fell sharply from £22m to £11m.