2 Oct 2015 12:20
Entu (UK) plc
Disposal of Norwood Interiors (UK) Ltd
Entu (UK) plc '(Entu'), the home improvement group providing energy efficiency products and services to homeowners in the UK, announces that it has successfully completed the disposal of its loss making kitchen retail operation, Norwood Interiors (UK) Ltd ("Norwood") to David Hole and Mark Blayney of GPS Capital for a nominal sum of £1.
This follows Entu's statement, in its recent interim results announcement, that it was in discussions regarding a disposal of Norwood, which the Group considered non-core to operations and its strategy.
In Entu's recent set of interim results Norwood was treated as a discontinued operation. In that period it contributed revenues of £1,867,000, and an operating loss of £248,000, before an impairment charge of £156,000.
2nd October 2015
For further information, please contact:
entu | 020 7457 2020 |
Ian Blackhurst, Chief Executive Officer | |
Geoff Stevens, Chief Financial Officer | |
Grant Thornton UK LLP (Nominated Adviser) | 020 7383 5100 |
Philip Secrett Salmaan Khawaja Jen Clarke Jamie Barklem | |
Zeus Capital Limited (Broker) | 020 7533 7727 |
John Goold Dominic King Andrew Jones | |
Instinctif Partners (Public Relations) | 020 7457 2020 |
Helen Tarbet | |
James Gray |