Select Committee on Standards and Privileges Seventh Report

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:

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.

previous page contents next page

House of Commons home page Parliament home page House of Lords home page search page enquiries index

© Parliamentary copyright 2001
Prepared 4 May 2001