With widespread reports that Arcadia could be on the verge of appointing administrators, Ashley's Frasers Group is thought to be working on an emergency loan for the business. "We hope that Sir Philip Green and the Arcadia Group will contact us today to discuss how we can support them and help save as many jobs as possible," Frasers' chief financial officer Chris Wootton told Sky News. READ MORE: 15,000 jobs at risk as Sir Philip Green's Arcadia Group faces collapse A source close to the deal cited by Sky News said the proposal is likely to be in the form of a secured loan, aimed at preventing Arcadia from falling into administration.