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The 拢120m-turnover firm said Roy Willor had been appointed to the role to 鈥渟trengthen communication with the outside world and the finance department鈥�.

Members of the supply chain said substantial amounts of money were owed and one firm confirmed it would be taking legal action to recover debts.

One of its creditors, recruitment agency Borne Resourcing, issued a winding-up petition in March that is due to be heard on 6 May. If the debt, valued by Borne at 鈥渢ens of thousands of pounds鈥�, is not paid then Verry will be put into liquidation.

Two earlier winding-up petitions were dealt with by the firm last month.

Chris Stanley, director of matting contractor All Mat Systems UK, said he was owed about 拢2,000 from an invoice issued in December.

I hoped the money would come after 60 days. I never expected to still be waiting in April

Chris Stanley, All Mat Systems

He said he had called regularly to demand his money, but despite being told in April that a cheque was being sent first class, he was still awaiting payment.

Stanley said: 鈥淲e鈥檙e only a small firm 鈥� we need every little bit of cash. I had hoped the money would at least come after 60 days. I never expected to still be waiting in April.鈥�

John Gibson, chairman of Verry, said the firm was undergoing 鈥渟ome restructuring鈥�, including the hiring of Willor.

Gibson admitted cash was tight, but added that the business had the support of its bankers and a strong order book of schools work. 鈥淲e鈥檙e trying to fight our way through the current climate,鈥� he said.

A credit report from a rating agency obtained by 好色先生TV rates Verry as a 鈥渉igh-risk company鈥�, scoring 23 out of 100. The average for construction firms is currently 52.