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Pentagon Protection

  • BY: Andrew Hore |
  • POSTED: 22/05/2014 |

Pentagon Protection has sold SDS Group to its former chairman and 29% shareholder Haytham ElZayn for £190,000.

The consideration comes from a reduction in the money owed by Mr ElZayn.
In the year to September 2013, SDS, which is involved with explosives detection and security, generated pre-tax profit of £187,000 on revenues of £2.8m but trading has declined since then. The company had net liabilities.

Pentagon still requires additional cash. The remaining business supplies films and security anchors for protection against explosions and to make windows more energy efficient.

At the suspension price of 5.5p, Pentagon is valued at £612,000.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2014_56.pdf

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