Credit insurance
11 June 2008 - 4:01PM
UK Regulatory
RNS Number : 4254W
ScS Upholstery PLC
11 June 2008
For Immediate Release 11 June 2008
ScS Upholstery PLC ("ScS" or "the Company")
Credit insurance
Following the publicised withdrawal or tightening of credit insurance terms for the furniture retail sector, the Company has been
notified that one company has withdrawn credit insurance for ScS, affecting the working capital facilities of some of our principal
suppliers.
ScS is in discussions with each of the suppliers affected and is continuing to trade with them in the normal course of business whilst
various financing options are being reviewed.
The Company will issue further announcements as appropriate.
Enquiries:
David Knight 0191 5146054
ScS Upholstery PLC
Nicola Cronk 020 746 65000
Buchanan Communications
This information is provided by RNS
The company news service from the London Stock Exchange
END
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