2 June
2015
ENSOR HOLDINGS PLC
("Ensor")
Disposal of
Property Holdings
Ensor is pleased to announce the disposal, on 1 June 2015, of its Stockport land holding for
proceeds of £1,309,000, payable in cash and representing a premium
to book value of £763,000, net of disposal costs. The property was
sold to Bellway Homes Limited, having been previously occupied by a
former subsidiary, SRC Limited, which was sold in January 2014.
This disposal follows the sale, on 1
April 2015, of the Company’s tenanted land holding and waste
transfer operation in Woodville, Derbyshire, for proceeds of
£1,825,000, payable in cash, representing a premium to book value
of £80,000, net of disposal costs. These assets were acquired by
Ravensbourn Container Systems Limited and contributed profits of
£130,000 to group results in the year to 31
March 2015.
These asset disposals are pertinent to the recently-announced
strategic review.
Enquiries:
Ensor Holdings PLC
Roger Harrison / Marcus Chadwick
0161 945 5953
Westhouse Securities Limited
Robert Finlay
020 7601 6100