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Billington Holdings

  • BY: Andrew Hore |
  • POSTED: 24/03/2011 |

Structural Steel supplier Billington Holdings has acquired assets that were part of Peter Marshall (Fire Escapes) Limited, which is now in administration.

Billington is paying just over £98,000 for equipment and work in progress worth £250,000 and a forward order book worth £1.3m. Peter Marshall is involved in the design and installation of highly engineered steelwork and balustrade systems. It is a supplier to Billington and other customers in the construction sector. The business lost £367,000 on revenues of £4.1m in the year to November 2009.

Billington believes the product fits well with its existing business.

At 95p a share, Billington is valued at £12.3m.

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