Euro Sales Finance have today made the following announcement:
“Further to its strategic review, the Board of ESF has entered into a series of
discussions with interested parties regarding the sale of the company and has
received a number of indicative offers in excess of reported net book value at
31 March 2001. The board is actively pursuing these discussions.
Following a period of containment, the company has experienced modest
attrition in client and staff numbers. It has completed a comprehensive bad
debt review resulting in an increased provision of around Ј1m against its
German book. The company continues to receive the support of its banking
syndicate and has recommenced new business efforts in the UK.
Further announcements will be made as and when appropriate.”
Source: Euro Sales Finance
