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Tuesday, 16 November 2010

Cashbox in pre pack administration

Cashbox plc, the aim listed firm that runs ATMs, has gone into administration. In a statement the firm said, "InfoCash had reached an arrangement with the administrator, Deloitte, to purchase the assets of business." As such, the business is to carry on with all existing contracts and operations so as to safeguard the company's customers.

This process, whereby a firm goes into administration and is sold at the same time, is often called a pre pack administration. If you are considering a pre pack administration of your business please give us a call.
on 0207 877 0050

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