My first reaction was 'this old story'.
'Private Eye' has been reporting on companies that seem to have been brought down by their bankers for the benefit of the bank for a couple of years at least.
The sequence of events is fairly clear - company has a bit of a problem, bank provides 'expert assistance', expert says company can't be saved, bank sells off assets and gets its loan back plus big fees for the 'assistance'.
What is harder to know is whether that is a pre-planned sequence or just the way it works.
I'm a little concerned that the man behind this report was personally involved in a company that went down this path and I didn't think Vince Cable's comments on breakfast TV allayed those concerns in full.