You can get the full inside story from a case study on the background to the company's CVA at this location:

http://www.companyrescue.co.uk/documents/FuturemediaplcCaseStudy_001.pdf

Pay particular attention to the section containing the words "accrue interest" - then perhaps give us your assessment of this company's prospects?

IMHO it seems to indicate debt could still be rising if the coupon payments are not being made - do you read it that way?