Welcome Break Finance, part of Welcome Break, the struggling UK motorway services provider, faces administrative receivership as early as this week over non-payment of £12m (€14.4m) worth of loan servicing.

Accounts recently filed at Companies House show that Welcome Break Finance has a "balance sheet deficit", according to Fitch, the international rating agency which downgraded its debt securities on Tuesday. Fitch said the accounts "have not been prepared on a going concern basis" but were prepared on the basis of a break-up of the group.