News blog
Cashbox
- BY: Andrew Hore |
- POSTED: 16/11/2010 |
Cashbox has appointed Deloitte as its administrator and rival cash machines operator InfoCash has acquired its business.
The acquisition doubles Abingdon-based InfoCash’s cash machine estate to more than 5,000 ATMs. It also adds customers, such as Greene King and Fullers.
InfoCash is owned by US-based cash machines manufacturer Triton Systems.
Cashbox’s old foe and rival YourCash has obtained legal title to a £1.8m loan note and demanded repayment and that made administration unavoidable. The loan note relates to the settlement of litigation with YourCash, then known as Hanco ATM Systems.
Cashbox asked for trading in its shares to be suspended on 9 November at 0.81p a share, which valued the company at £1.14m.
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