What happened to farsight plc?

Answer 1

The Concert Party called in a £750,000 loan which had to be repaid immediately. This placed Farsight plc into a parlous state financially, shares were suspended and the according to a report in the Biggleswade Chronicle the company went into receivership. The newspaper report reads thus. Concerns have been raised over the long term future of CCTV coverage for Mid Beds after the operators went into administration. Farsight Plc which monitors over 30 cameras in Biggleswade, Sandy and Shefford, went into receivership earlier this month. It came after shareholders called for a £750,000 loan to the company to be repaid immediately which it could not afford. But they have taken ownership of a newly formed company, called Farsight Security Services Ltd, and operators stress it is business as usual. Farsight Plc based in Peterborough, took over the monitering in Mid Beds after buying Sandy Security . . . . . Jeff and Baz Brett 2 disgruntled longtome shareholders of Farsight plc. jeff@silvershieldwindscreens.co.uk