Cattles restructuring talks break down

City A.M. Reporter
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