Working capital platform Raistone earned the bulk of its revenue from First Brands Group, which filed for bankruptcy protection this week, GTR understands. According to one of those former employees interviewed by GTR, Raistone chief executive Dave Skirzenski told staff at that meeting that the share of revenue generated from First Brands was 80% of the company’s total income. Raistone was listed in court filings as a creditor of First Brands, with an undetermined claim related to factoring arrangements. First Brands companies owe at least a further US$684mn under Raistone’s supply chain finance arrangements, it said. Court filings show that overall, First Brands Group companies have US$11.6bn in liabilities, including US$2.3bn from factoring arrangements.