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IN BRIEF: Tricor extends period in which to appoint administrators

Mon, 13th Sep 2021 19:26

Tricorn Group PLC - UK-based manufacturer of pipes - On Monday last week, files revised notice of intention with High Court of Justice to extend period for appointing administrators by a further 10 business days.

Company had first filed notice of intention on August 19, for a ten-day period.

"The company and its advisers have continued to be engaged in discussions with various parties. Indicative offers have been received from certain parties for the acquisition of the trading operations and/or subsidiaries of the company on a going concern basis, and discussions are ongoing with further parties which may lead to indicative offers on a similar basis," Tricorn stated.

Current stock price: suspended at 4.02 pence

Year-to-date change: down 36%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Tricorn adjusted FY profit down 12%

Pipe solutions maker Tricorn said adjusted pre-tax profit for the year fell 12.7% after a sharp decline in trading conditions in the latter part of the year. Adjusted profit before tax fell to £1.2m in the year ended 31 March from £1.4m the year before. Sales revenue increased to £22.2m from £20.8m

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IN BRIEF: Tricor extends period in which to appoint administrators

Small caps round-up: African Diamond, Tricorn, Int'l Brand ...

Tricorn Group FY Pretax Profit GBP0.2M On Revenue GBP15.0M

Small caps round-up: Strategic Thought, Tricorn, Oxford Instruments ...

Tricorn H1 revenue falls 40%

Tricorn adjusted FY profit down 12%

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