Engineering firm Mouchel has called in Goldman Sachs to advise on how to tackle its debt pile.
The investment bank is considering a debt-for-equity swap, wiping out existing shareholders and giving lenders ownership of the company.
Goldman is also contemplating a break-up and sale of the business, as well as possibly issuing new shares in a bid to raise cash.
Share price of the company has fallen 88% in the past year. Mouchel has declined to comment.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.

Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.