The Bathla can is still inching down the road, but only just.On Thursday, administrator Stephen Longley of Teneo found enough cash to pay part of the wages of staff employed by Bathla Group, but the battle to secure a short-term funding package – which would give Longley just a few weeks to put in place funding for the home builder’s longer-term requirements – continues.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Private credit is the reason we don’t have a Bathla rescue deal yet
Private credit firms tell us it’s how they deal with moments of distress that sorts the wheat from the chaff. The situation at Bathla will put that to the test.
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