Press Release: 23rd November 2004

The Directors of P&A Receivables Services plc announce the launch of the Fraud Prevention Network, an association for cross sector industries to assist them to prevent and reduce the incidence of fraudulent activity in their businesses. The network is supported by Graydon UK Ltd, the leading European service provider in the fields of credit management and database business information.

Jeremy Priestley, Managing Director of P&A Receivables Services said,

"Business fraud is now believed to be running at more than £40 billion a year and is a major concern for industry and our large and growing client base . We have identified a market need for a ‚one stopç service that supports clients and members of the newly formed Fraud Prevention Network with a range of service initiatives that tackle the problem - these will be provided by P&A Investigations and supported by Graydon UK."

Gordon Skaljak, Head of Marketing at Graydon UK Ltd said, "We welcome this opportunity to be working with P&A on this new Fraud Prevention initiative. Corporate fraud is on the increase and businesses need to be vigilant and do more to prevent it." Mr Skaljak adds, "Graydonçs contribution to fraud prevention is based on over 12 years of experience and knowledge in investigating and analysing suspicious and exceptional circumstances within specialist industry sectors. We are now applying that knowledge across the whole UK business universe and for the benefit of FPN membership. We are convinced that P&Açs Fraud Prevention Network is a significant step in the right direction and will provide many of their members with dramatic risk reduction."

Ends

Download the marketing leaflet here (PDF file approx 450k)

About Graydon UK Ltd.

The Graydon group is owned by Atradius, Coface and Euler Hermes, three of Europe's leading credit insurance organisations.

For additional information: www.graydon.co.uk

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