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March 16, 1987

CORRECTION FROM LEARMONTH & BURCHETT MANAGEMENT SYSTEMS

By CBR Staff Writer

Correction: Learmonth & Burchett Management Systems has pointed out some errors in our piece on the company’s forthcoming flotation (CI No 625); the valuation of LBMS on flotation is likely to be around UKP15m; pre-tax profits and US sales for the year to April 30 1987 will be comfortably in excess of UKP1m and $2m respectively, and only around one-third of total turnover comes from the public sector; no date has yet been set for the flotation.

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