Embattled firm makes moves to calm suppliers

1 February 2001
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01 February 2001

Huntingdon Life Sciences, the drugs testing company targeted by animal rights activists, is moving to reassure its suppliers that the company will remain solvent, according to purchasing manager Val Owen.

A cash injection last week, reported to be around £20 million from an unnamed US backer, replaced a £22.6 million loan from the Royal Bank of Scotland which it had called in.

Protests outside its Cambridgeshire offices and nervous suppliers have made for trying times, Owen told SM.

Huntingdon is looking for a replacement for Owen, who said her impending departure to another procurement job was not because of the protests. "I personally don't have a problem with the protesting," she said.

"Response to the advert has been slow but we are not unduly surprised," said a member of its human resources staff. "Last week's [protests] may have made people hesitant to apply."

SMfeb2001

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