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LPA Group

  • BY: Andrew Hore |
  • POSTED: 22/11/2012 |

LED lighting and electro-mechanical system manufacturer LPA Group should get a boost for its balance sheet from the gaining of outline planning permission to build 24 houses on its Tudor Works site in Saffron Walden and the shares jumped by 24%.

LPA intends to sell the Tudor Works site to developers. The operations will be relocated to Shire Hill.

LPA has also confirmed that trading for the year to September 2012 was ahead of expectations and this year has started well.

At 76p a share, LPA is valued at 8.69m.

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