The Enquirer understands that hundreds of staff were called-in to the Bolton head office yesterday for an update on re-financing talks.
Forrest has stopped work on sites while it works with restructuring specialist FRP Advisory and potential lenders.
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It is understood that staff have been told that it is unsure whether their November wages will be honoured.
One subcontractor said: “I’ve been through this so many times I know the drill off by heart.
“Whatever happens it always ends up with me losing out along with the rest of the supply chain.”
Forrest has run into problems on a series of jobs due to time and cost overruns and low initial bidding.
Forrest agreed its last financial restructuring in March 2017 after racking-up pre-tax losses of nearly £26m in two years.
Last filed accounts for holding company Ensco 996 for the year to March 2017 show the firm has a turnover of £82m and employed 443 people.
