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To All Our Suppliers

Just to iterate our problems with our bankers: The bank has decided they can no longer accept export invoices as part of our debenture; this is causing us problems, as virtually all our business is for export at present. Furthermore they have decided to increase the UK good debtor cover from 1 Vi times to 2 Vi times, again diminishing our overdraft facilities.

Our credit rating from O&B is 91,1 must reassure you that we have no underlying financial problems! Thank you bearing with us; we are at present trying to find a more user friendly bank to support our trading. I

I hope you will reinstate our account.

Yours Sincerely Mrs J B Clements Finance Director


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