South West construction giant Midas has left debts of more than £22m after going into administration - with dozens of creditors unlikely to be paid.
A report by administrators at global business advisory firm Teneo Financial Advisory Ltd reveals a total of £22,091,980 is owed by companies in the Midas group.
And the administrators said: "We do not think that the companies have sufficient property to enable a distribution to be made to unsecured creditors."
