By the sounds of things, it wouldn't be in the banks best...

By the sounds of things, it wouldn't be in the banks best interests to send in an administrator...they're getting cash flow from the interest payments from the loans.

So would it be a good idea for the banks to help Centro out with say either a 2-4 year extension or give them one more year to see how they go?

If I was a bank, I'd be happy with someone paying me back over time making money rather than taking the chances of losing a lot of $$$.