Singer & Freidlander Factors Ltd today released their annual accounts for the year ended 31 December 2000. Turnover has fallen by 8.54% to Ј3,637,816 from the 1999 figure of Ј3,977,282. A pre taxation loss of Ј1,334,757 was made. This compares with the 1999 pre taxation profit of Ј369,252. Their liquidity ratio of 0.95 is the lowest that it has been since 1994, meaning that for the first time in six years their current liabilities exceed their current assets.
Singer and Friedlander Factors have consistently achieved profits and increased their turnover over the last few years and the 2000 results represent a departure from this trend. Singer and Friedlander Factors have declined to comment on the results
BCR Publishing
For a further breakdown and analysis of the accounts, please click through to:
Singer & Freidlander Factors Ltd/ Factors’ Details and Analysis
