PCF Group PLC (AIM:PCF) said it is looking to raise further growth capital while separately continuing to explore other transactional options.
This follows the announcement last week by Castle Trust Capital, which said it would no longer be making an offer for the PCF business.
Given the current volatile market conditions, the company said it was "prudent" to suspend new lending at PCF Bank until further notice.
“The business will also accelerate a review process of its operational structure with the intention of further reducing its cost base,” investors were told.