Administrators have warned the creditors have a collapsed company its bills almost reached $20million.

Gold Coast construction company Stokes Wheeler reportedly owed its workers up to $1.66million and unsecured creditors more than $13.5million before it entered administration last month.

It also owed $3.2million to secured creditors, mostly Westpac.

The high debt means unsecured creditors may not see their money returned if Stokes going into liquidation, the Gold Coast Bulletin reported.

Administrators have uncovered six project trust accounts but all had no funds.

Stokes' retention account, which was also created to help repay its debts, had a shortfall of $2.7million.

It has since been frozen by the Queensland Building and Construction Commission.

More to come...