Bathla reduces to skeleton staff and stops construction work as lenders pull out

Bathla Group has been teetering on the brink of collapse. ( ABC News: John Gunn )

The initial round of emergency funding that kept parts of Bathla Group operating has been "exhausted".

Only one lender has chosen to continue to prop up the company.

Staff have been stood down, with just a skeleton crew remaining, while all construction work will cease.

Link copied Share Share article Administrators of failed property developer Bathla have reduced staff down to a "skeleton" and will cease construction work after all but one lender decided not to continue propping up the company.

Only a core team will be retained to support the ongoing administration, with administrators Teneo working with lenders on the orderly sale of Bathla's subdivision and land-bank sites.

The ABC understands 125 employees have been stood down, while 67 employees remain.

Support for sales and settlements will also cease.