North East building contractor Surgo Construction went into administration in March owing £4.48m.
The scale of the firm’s debts were detailed in an update from administrator FRP Advisory posted at Companies House.
Hundreds of subcontractors and suppliers were left holding unpaid invoices worth more than £1.2m with little chance of unsecured creditors receiving anything for their submitted bills.
The biggest creditor was Bellway Homes who are owed £1.18m by Sugro following a long-running dispute over a housing job.
Surgo lost an adjudication case against Bellway who filed a winding-up petition against the business a month before it went under.
Surgo was also hit by another contract dispute with a charity client with the contractor claiming to be owed £1.4m for work in progress.
The two disputes quickly became too much for Surgo to shoulder leading to the appointment of FRP which saw the company cease trading with the loss of 46 jobs.
Latest accounts for the year to October 31 2022 show a turnover of £14.4m generating a pre-tax profit of £74,488.
