From the administrators' statement

Supphes was incorporated on 23 December 1991, with Finance mcorporated on 2 November 1993

Both Companies are jointly owned by the Directors, with each owning 50% of each company The same two individuals are also directors of the Companies, Simon Goodman 1s also Company Secretary of the Companies

Supphes sources franking machines from third party suppliers, mainly Pitney Bowes, and can modify them according to customers’ specifications Some machines are sold directly to customers but most are sold to Finance when a customer signs up to an operating lease At the date of appomtment there were approximately 1,000 such customers, who all leased machines with 0-6 25 years remaining on the leases

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The Franking Machine Company Finance Limited (02868280)

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