The move comes after weeks of mounting pressure from its subcontractors seeking to get paid.

Breyer had battled against a flurry of winding up petitions in recent weeks as concern spread about £80m main contractor’s survival.

Presently Breyer has around 250 staff operating across its three businesses: Breyer Roofing, Breyer Renew and Breyer Repair.

It is understood a rival contractor has been in talks about buying all or part of the business.