Annex EE
Except from Transfer Technology Ltd's
accounts contained in the long form report
Roll Centre Inc
774 Included in debtors balances at 31 March 1990
are the following amounts due from Roll Centre Inc:
| £000
|
| TransTec | 182
|
| Sarclad | 321
|
| 503
|
775 Roll Centre Inc was a company owned 100%
by Mr Robinson. The products were apparently sold on an arms length
basis at a gross margin of approximately 50% Mr Robinson is currently
negotiating to reduce his share holding in Roll Centre Inc. Roll
Centre Inc has serious cash flow and trading difficulties and
therefore £503,000 is still outstanding. We understand that
Mr Robinson is prepared to personally guarantee the debt.
| 
