An update by administrator Interpath Advisory revealed the scale of debts to subcontractors and suppliers who are unlikely to receive a penny for their unpaid invoices.

It said: “Current estimates suggest it is unlikely there will be sufficient funds in the administration to enable a distribution to be made to the unsecured creditors.”

Interpath said Mech FS was brought down by an outstanding intercompany debt and a dispute on one of its largest contracts.

Parent company NHN Holdings Ltd continues to operate as normal.