But none of the vast recovery pot is likely to find its way to subcontractors given that total Carillion liabilities after its collapse in January 2018 stood at around £7bn.

Of the 81 companies in liquidation around 20 companies should show a surplus, which will be distributed to secured creditors.

David Chapman, Official Receiver at the Insolvency Service, revealed the extent of recoveries to co-chairs of the parliamentary inquiry into the contractor’s collapse.

Liquidators are starting to wind down their work with just 15 insolvency specialists now working on the case.

So far PwC has received nearly £53m in fees associated with the liquidation.

In the final reckoning on redundancies, 16% of the Carillion workforce had to be made redundant while 84% of jobs were saved, the large majority of which were transfers to new contractors.

The Financial Reporting Council also updated the select committee on the progress of four investigations – two relating to auditing and two relating to possible miscounduct of directors.

It said a decision on whether to take enforcement action on auditing matters would be made before the end of this year, with a decision on directors’ conduct taken by March 2020.