13 APRIL 2010

Cash position

Attached is the summary of balances held at 31 March 2010.

PDF  Cash position 31 March 2010

The primary reason for the large reduction in cash during March is the payment of approximately £25 million in catch up distributions to creditors, the majority of whose claims had previously been held over.

Loan book

Attached is the summary of the loan book as at 31 March 2010.

PDF Loan book summary 31 March 2010


The best way to make contact is to write to the bank or email branch@singers.co.im. If you need to telephone the bank, please use the main switchboard number +44 1624 699222.


Mike Simpson

Joint Liquidator