Stricken door-to-door lender Cattles said talks with its creditors over a restructuring had broken down and it would now work to find a further solution.
Cattles had been in talks for some time with its key financial creditors about a restructuring of its liabilities and it had said shareholders could receive 1 pence per share from a deal.
It said that despite the breakdown in talks it would work to engage with representatives of certain other key creditors in a bid to restructure.
"Cattles believes that it remains in the interests of all parties to reach an agreement," it said.
The Yorkshire, northern England-based company had been in talks with representatives of its key financial creditors for some time after being forced to close its doors to new customers last yea
City A.M. Reporter