Discount supermarket Kwik Save has called in the Big 4 accountancy firm KPMG to help devise a way out of its financial problems.
The measure was taken by the company after several of its major suppliers refused to continue shipping to stores.
One of the suppliers, Arla, withheld stock because of "payment problems", according to the Telegraph.
Kwik Save recently announced that it is to shut 79 of its stores over the next three months, trimming several hundred jobs as a result.
The company stated: "It is with regret that Kwik Save has had to make this difficult decision.
"However, in order to enable the business to succeed, the Kwik Save management team has had to announce these cutbacks to secure the future of the business."
Last year, Kwik Save was acquired by a private equity consortium. Previously it was owned by Somerfield.
In the year leading up to April 2006, like-for-like sales at Kwik Save dropped by 16.9 per cent and over £77.8 million worth of stock had to be written off.
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