Specialist heritage contractor William Anelay went into administration owing at least £12.6m to its creditors, according to an administrator’s report.
The York-based specialist firm went into administration in September after it was unable to secure a company voluntary order with creditors.
The company owed at least £12.6m to creditors, with £11.8m owed to trade creditors and £300,000 to HM Revenue & Customs.
This included £785,000 owed to M&E firm Quartzelec, £396,000 to Yorvik Electrical Contractors and £421,000 to C-Tact Construction.
The report also revealed that rival heritage construction firm Szerelmey Group had considered buying the firm, but withdrew after carrying out its initial due diligence.
In total, 132 staff members from William Anelay lost their jobs after the rescue deal failed.
Construction News reported this week that four of William Anelay’s subsidiary firms had since been purchased by Szerelmey Group owner Gordon Verhoef’s HB&C Investments business.
The firms were bought for a combined £400,000.
Two of the four, Anelay Building and Conservation and Anelay Building and Conservation (North West), will now trade as Heritage Building and Conservation (York).
The move was part of Mr Verhoef’s plan to align the two Anelay firms with his existing Heritage Building and Conservation business based in Huntingdon.
Mr Verhoef also now owns joinery manufacturers Hare and Ransome and roofing firm Lowery Roofing but they will continue to operate under their existing names.