As reported on this site last month, a Company owned by Coventry City Associate Director Ian Neale has been placed into admiinistration with debts reported to be around £750,000.
The company - Ian Neale Building Contractors is no longer trading and has been placed in the hands of administrators Poppleton & Appleby.
Mr Neale is the Chairman of Nuneaton Town Football Club which along with the Ian Neale Group which involves housing and special projects are safe.
A handful of people are understood to have lost their jobs.