Since the start of the year Mothercare, which has 152 shops in the UK and 1,131 shops worldwide, has seen its share price plummet by 76% following two profit warnings.
It said in a statement earlier this month it expects underlying pre-tax profits to come in at the lower end of the £1-5m range it had previously guided.
It is understood last summer it is understood Mothercare refinanced after discussions with its lenders HSBC and Barclays. This saw it’s £50m facility to a £62.5m revolving credit facility, and a £5m overdraft with £12.5m of the revolving credit facility maturing in November this year.
A spokesperson for Mothercare said: “We are also exploring additional sources of financing to support and maintain the momentum of our transformation programme. All of these discussions are ongoing.”