Bombed-out IT equipment outfit Redstone says it has received an ‘early stage approach’, which may or may not lead to a bid.

News of potential bid talks follows loss-making Redstone’s agreement to sell its telecoms arm for £17 million to ambitious AIM newcomer Daisy Group. This has provoked speculation that Daisy, whose chairman Peter Dubens has said he wants to make it a major telecoms supplier to UK small and medium-sized companies, could be the interested party.

Itself quoted on AIM, Redstone, which chalked up an interim loss of £1.8 million, has lately been seeking ways to reduce its debts. Two days ago, the company, which bought Symphony Telecom Holdings from Eckoh Technologies in 2006, said it had so far failed to reach agreement with Eckoh over payments of a £2.7 million loan facility between Symphony and Eckoh.