Debt-laden Interform Ceramics Technologies has called the receivers in a final bid to pull the company away from collapse. For two years, a group of creditors has been trying to recover HK$807 million of debt and has held talks with management on a restructuring. Nick Hill and Stephen Wong of Nelson Wheeler Corporate Advisory Services have been appointed receivers and managers of Interform and will attempt a restructuring with new investors. 'Our primary objective at this stage is to stabilise the operations of the group and embark on a financial restructuring to enable the group's underlying businesses to be put on the right track,' Mr Hill said. 'Our main concern will be to work with the management and staff to achieve a satisfactory outcome for all.' Interform recorded a net loss for the year to March 31 of HK$247.5 million compared with an HK$828.8 million loss the previous year. Turnover fell 32.1 per cent to HK$177.2 million. Previous attempts to rescue Interform include a bid by ceramic tile-maker China Wealth Group, but the talks ended in July last year. Companion Building Material International Holdings then led a consortium - which included New World Development - in a bid to restructure the company. Following the failure of that bid Interform then entered an agreement with Oasis Star to discuss restructuring proposals - but no agreement was reached before a deadline in May. Interform's directors said last month that talks with Oasis Star were continuing despite missing the deadline. 'We are confident that the discussions will be finalised in the near future,' the board said at the time.