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Hundreds of Killby & Gayford creditors are likely to be left 拢34m out of pocket, according to a creditors report by administrator BDO.

Among the firms chasing unpaid contracts are Laing O鈥橰ourke subsidiary Crown House (拢271,440), Travis Perkins (拢163,349) and Construction Skills (拢141,820).

The firm鈥檚 collapse left trade creditors with a total of 拢10.2m unpaid contracts, the largest of which was 拢321,076 owed to security firm Niscayath Ltd (for a full list see document attached, right)

Another major loser from the collapse is venture capital firm Growth Capital Partners - which took a majority stake in Killby & Gayford in 2007 - and is owed 拢6.1m.

Killby & Gayford chief executive Chris Chivers hailed GCP鈥檚 investment at the time of the buy-out and is quoted on GCP鈥檚 website as saying: 鈥淭hey鈥檝e demonstrated a real understanding of our business.鈥�

BDO estimates it will only be able to realise the value of 拢1.4m of the company鈥檚 拢35.3m assets that were on the books at the time of its collapse.

Among the assets that will be almost completely written off are 拢5.7m owed for work in progress - only 拢305,500 of which is set to be realised - and 拢2.3m of unpaid retentions.

The remaining debts include 拢4m owed in redundancy and notice to the 260-strong workforce and 拢1.6m owed to Bank of Scotland.

Michael Hanley, company secretary of not-for-profit safety consultant London 好色先生TV Safety Group 鈥� which is owed 拢82,592 by Killby & Gayford 鈥� said 鈥渆veryone was surprised鈥� by the company鈥檚 collapse.

Hanley said he had worked with Killby & Gayford for nearly 30 years and had had to put his own money into his company to make up for the shortfall.

He said he had been advised by the administrator that there was 鈥渘o chance鈥� of the bill being paid, which is equivalent to 12% of his firm鈥檚 annual turnover.

Killby & Gayford management estimates it will only be able to realise the value of 拢1.4m of the company鈥檚 拢35.3m assets that were on the books at the time of its collapse.

The contractor went under while working on site on at least 拢29m worth of construction projects, including the UK鈥檚 first centre for black history and culture in Brixton, London.

The 150-year-old contractor was famous for working on prestigious projects, including one at Number 10 Downing Street.