News blog
Real Office Group
- BY: Andrew Hore |
- POSTED: 17/05/2011 |
Interior design and fit out business Real Office Group has appointed Atherton Bailey as administrator of its subsidiary Pacific Interiors.
Pacific could not win enough new work at high enough margins to keep the business viable. There will be a £7.47m write-off against the investment in Pacific.
Real Office is negotiating the sale of its investment in Pacific Interiors India. This disposal will make Real Office a shell.
At the suspension price of 1.62p, Real Office was valued at £2.46m.
Download the May 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFMay2011_20.pdf
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