Around £70m was owed to banks.

Hundreds of sub-contractors and suppliers were left out of pocket by the collapse of the building business last September.

Two hundred staff also lost their jobs, although 90 were saved when a management team bought out the house-building division.

A spokesman for accountants Deloitte & Touche told the Liverpool Daily Post: “The final figure is between £85m and £90m.”

The banks owed most appear to be Barclays, Royal Bank of Scotland and Bank of Scotland.