Letter to Mr P Kerr, Hollis Industries
from Mr Michael Stoney, Pergamon AGB plc
I enclose herewith a copy of a letter I have received
from Michael Dunlaevy in connection with the July management accounts.
I would be grateful if you would note his comments
in connection with Multiphase and ensure that these recommendations
are incorporated in the September management accounts.
In addition, you should also include in the September
1. provision of £280K in respect of the
reduction in the sale proceeds for Floform.
2. provision of £200K for management fees
for Geoffrey Robinson (this should be provided in the figures
to 30 June 1990).
3. provision of £118K for payment to Pergamon
AGB in respect of Milthorp debts (this should also be included
in the figures to 30 June 1990).
16 November 1990