12 May 2011 – interim management statement

The group has issued a trading update confirming that trading is in line with expectations.  Property and land sales in 2011 have resulted in the group having net cash of £16.5m at 11 May 2011 compared with net debt of £11.4m at the end of 2010.  The company remains cautiously optimistic about the future and the shares remain a LONG TERM BUY.