Dreams “set to meet banks on funds”
The company, which has 270 stores, is understood to have about £40 million of debt on its balance sheet at a time when big-ticket retailers are facing tough conditions.
Its main lender, RBS, is said to have instructed accountancy firm Grant Thornton and Pragma Consulting to look at the company’s business plan.
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Hide AdPrivate equity firm Exponent acquired Dreams from its founder Mike Clare, who still owns a 10 per cent stake, in 2008 in a deal worth more than £200m.
Dreams’ banks are understood to be keen for it to have a more appropriate debt structure for the current retail climate, although trading has improved in recent months.