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Saztec

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Saztec Scotland Ltd, latterly Saztec Europe Ltd, was a computer data processing company that occupied office buildings that were originally part of the Shell-Mex refinery based next to Ardrossan harbour.

Hansard reports the company was assisted by Government aid in 1986 under the now terminated RDG (Regional Development Grant) scheme, which offered automatic grants if the applicant met appropriate criteria, as Saztec did. The company accepted data from customers, say from handwritten forms, and providing keyboard operators to transfer the information from the forms into computer databases.

Saztec International Inc discontinued its European operation in 2001:

On January 26, 2001 Saztec Europe Limited a wholly owned subsidiary of Saztec International Inc. filed a petition for liquidation under section 122 (a) of the Insolvency Act 1986 U.K. It had been determined that the Company's long term business model in Europe would not be profitable based on market conditions for our services. This decision will enable the Company to focus in on its core business of delivering high quality data conversion and image processing services with resources and distribution efforts focused on major enterprises and partners in the U.S. marketplace. Accordingly the Company, for all periods presented, reports Saztec Europe as a discontinued segment. At a creditors meeting held on March 29, 2001, the Interim Liquidator was appointed the Final Liquidator. The Final Liquidator is expected to present his first status report to the Creditors Committee in May 2001.

- Source: Securities and Exchange Commission, Washington DC 20549
Form 10-QSB
Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934
For the Quarter Ended March 31, 2001. Commission File Number 0-15353.

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