The full impact of the demise of Birmingham van-maker LDV across the Black Country was revealed today, with businesses in the region owed a total of nearly £1 million.

Administrators for the company warned earlier this week that creditors, owed a total of £75m in the collapse, would get less than 1p in every pound owed.

The Washwood Heath factory crashed in June with the loss of more than 800 jobs.

The firm’s assets and production machinery have been sold to a new business, Eco Concepts, which plans to set up a smaller new factory in the region.

But it is likely that virtually all of the money raised by administrators PricewaterhouseCoopers will go towards paying so-called secured creditors such as LDV’s banks and HM Revenue & Customs.

Administrator Rob Hunt of PwC has warned there will not even be enough money to pay off the banks.

It will leave little or nothing for most of the scores of unsecured creditors, companies owed thousands, in some cases hundreds of thousands, by the failed van-maker.

In the Black Country the biggest loser by far is advertising and publicity company Connect, based at Wolverhampton landmark city centres Chubb Buildings. The various arms of Connect were left with unpaid bills worth more than £363,000.

Rob Hampton, managing director of the Connect Group, which employs around 100 people in Wolverhampton and Wombourne, said: “All businesses want to avoid bad debt, particularly in the current economic climate,” he said. “Thankfully over the years Connect has been a well run business with good management and efficient practices.”

Tony Cotton, finance director at AJ Plastics, in Leamore Industrial Estate, Walsall, said: “We are owed £31,000 and are very disappointed at the way we were treated by LDV.”