"We will not know the extent of any such charges until the impairment process is finalised in the context of the 31 December year-end results," it said. "Recognising this uncertainty, we have embarked on a consultative process with our banking syndicate." The collapse of the heavily geared Allco Finance Group last week triggered fears that Babcock might not retain the confidence of its lenders, although it is not in a forced program of asset sales.