Mouchel shares slump on 'significant' fundraising Grant Rumbles, chief executive, said: "We are evaluating all options for restructuring our balance sheet. These options include a significantly dilutive equity raise. The restructure is expected to be completed by the end of the 2012 financial year. In interim results today the company posted a £11.6m loss against a £1.5m in the same period last year. Revenue was static at £270m. Given its recent problems Mr Rumbles said it was becoming increasingly difficult to win business from new clients. It is difficult for a client to choose Mouchel given the state of our balance sheet. We have reduced our pipeline however this allows us to focus on the work we want to do and to work with existing clients. He would not give any details of how much money the company would be looking to raise or whether the company would look to raise the money from existing shareholders or new ones. Mouchel is working with Goldman Sachs on the fundraising.