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The chief executive of Royal Liverpool University Hospitals Trust has confirmed there will be a further delay to the completion of the £335m new-build hospital following Carillion's collapse, meaning the project will be delivered more than a year late.

It will act as a means to work together to ensure the impact of the Carillion insolvency on the company's employees in the private, as well as public, sector is minimised and to help them recover. "We are committed to helping any small business customers impacted with sensitivity and understanding, and we are trying to contact anyone we think may have been affected".

Mr Cherry said that Carillion's collapse had highlighted the problem of late payments, which should be stopped "as a matter of urgency".

'We all need to understand that it is very unlikely - as in any administration or liquidation - that those who have already invoiced Carillion up to the announcement on Monday are going to get anything out of this at all'.

Business secretary Greg Clark said: "I welcome this quick and positive move by banks including Lloyds, HSBC and RBS".

Mr Clark said that it was "an issue for the Official Receiver" to establish what proportion of Carillion's debts would be paid out to creditors once its assets had been realised.

Its policy manager Alan Welsh said: "The collapse of Carillion raises a number of questions not least of which is the conduct of previous and current directors of Carillion, as well decisions to continue awarding major public sector contracts to an organisation in clear financial distress".

The spokesman said that Aramark would immediately take over the services that Carillion could no longer provide and that there would be no interruption in services.

"It's digging us deeper in the hole".

The firm was told to stop work on Monday and has had to leave equipment on site even though they are paying £14,000 a week to hire it.

Private finance contracts have been particularly popular in Northern Ireland, resulting in the construction of major projects including hospitals, schools and roads.

Mr Lee, a 30-year-old former soldier, says the firm hasn't been paid for the work done in November, December and January.