17 November 2011 – possible offer/trading statement

The dismal news from the company continues, with things now so bad that chairman David Ross is proposing taking the company private with an offer of 0.1p per per share.  Trading is slowly improving at the group’s remaining business but net indebtedness of £12.3m means that the company is struggling to capitalise on this.  With no other alternative likely to emerge we suggest that anyone still holding the shares should SELL.