A spokesperson from Singer & Friedlander Factors Limited today told BCR that the company is to close in the next couple of months.
Singer & Friedlander Factors Limited also released its figures for the year ended 31 December 2002 at the end of last week. The company reported a 52 per cent decrease in turnover from Ј2.47 million for year ended 31 December 2001 to Ј1.189 million for 2002.
The company’s losses also decreased by almost 50 per cent to Ј1.48 million from a loss of Ј2.96 million for year ended 31 December 2002. Singer & Friedlander Factors Limited had consistently achieved profits until 2000, but the company moved into the red in 2001.
For a further breakdown and analysis of accounts, go to Factors’ Details and Analysis: Singer & Friedlander Factors Limited