Closing down sales at Mothercare has left the retailer £10m short to pay back a £24m loan.
The troubled retailer, which put is British arm into administration in November, raised just £14m from selling leftover stock.
It is confident it can repay the remainder from existing resources and plans to return to the high street with a UK franchise deal with Boots, the chemist and beauty chain.
All 79 of its UK stores have now shut, but its international arm is still trading, with plans to become a franchise operation with 1,000 stores in 40 countries.
