Some of the assets of bust north firm North West Contracts (NWC) went under the hammer at an auction in Inverness yesterday.
Thainstone Specialist Auctions will hand the proceeds over to liquidator Gordon MacLure of accountancy firm Johnston Carmichael.
Inverness-based NWC traded under its own name and also as North West Glaziers.
One of its directors was Clachnacuddin Football Club manager Iain Polworth, whose playing days included a three-year spell at Aberdeen FC.
The other director was Inverness businessman James Jenkins.
Mr MacLure told the Press and Journal NWC had debts of nearly £500,000 around the time of its collapse in June.
Royal Bank of Scotland was due £155,000 which it will recoup from the sale of property held as security for a loan as well as book debts.
Other creditors were owed £333,000, about one-third of which is claimed by former employees of the business.
About 15 people were made redundant just before the company stopped trading.
The firm specialised in fabricating and supplying windows and doors for businesses and houses across the Highlands.
It had been registered as a business in Inverness since 1982.
Mr MacLure was initially appointed as provisional liquidator on June 24 and the company was wound up on July 16.
“It was a successful company at one stage,” Mr MacLure said, adding: “Like many other businesses it relied on discretionary spending by consumers, which tailed off once the recession kicked in.”
Yesterday’s sale of plant and equipment may boost the available cash balance for payouts, but Mr MacLure said it was still too early to say if ordinary creditors would get any of their money back.