Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

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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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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