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lickfords 'not in trouble'

21st February 2008
Page 12
Page 12, 21st February 2008 — lickfords 'not in trouble'
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Which of the following most accurately describes the problem?

CKFORDS HAS insisted it is siness as usual following reports it it is expected to hold a fire sale stay afloat.

The Times newspaper suggested is might beat risk due to financial aes facing the company's US -ent, Sirva.

spokesman for the company ,s it is continuing to serve tomers "without interruption" agreements with staff and in ess partners remain "intact". Our parent company Sirva is evaluating options for its UK moving business, including a sale. As the company considers its options, it is placing high priority on ensuring that customers continue to be serviced and employee jobs are preserved."

Pickfords' parent company Sirva filed for Chapter 11 bankruptcy protection at the beginning of February to help it restructure its debts while continuing to trade. The move does not affect its overseas operations.

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