Enterprise Computers calls receivers

Friday 05 May 1995 23:02 BST

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Enterprise Computers calls receivers

Enterprise Computer called in receivers yesterday after failing to secure a refinancing of its debts The move followed the announcement on Monday that a placing in connection with the proposed refinancing had lapsed Enterprise's shares were suspended at 075p last month for the second time since February after the company discovered it could be liable for a guarantee on a lease by the management of a subsidiary Earlier the group, struggling to pay interest on its £7m debts, had warned that trading for the second-half period to March had been "extremely disappointing

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