06.10.2015, 01:21
Entu Reports on Disposal of Norwood Interiors (UK) Ltd
OREANDA-NEWS. October 06, 2015. 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 pound.
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.
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