PRESS RELEASE
October 2004
The directors of P&A Receivables Services plc are delighted
to announce that they have acquired the well-known and highly
respected debt collection and repossession business of Optima
Credit Collections Ltd of Dronfield, Sheffield.
Jeremy Priestley, Managing Director said -
"Our business is focussed on providing ‚one stopç solutions
to maximise the profitability of our clients. The acquisition
of Optima, and which becomes a division of P&A Receivable
Services plc and rebranded P&A Asset Recovery, meets our
strategic objectives. Içm delighted to welcome Tony Otter,
Alan Davies and Colin Arbury as Divisional Directors."
Tony Otter said ú
"Joining the P&A Group is an exciting move for us,
it will enable us to provide our important client base with
a much
broader base of services that meet their requirements, when
needed, from insolvency advice to international debt collection."
Ends
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