11 March 2021 - acquisition of freehold land
The AIM-listed sports, leisure and mobility goods specialist has acquired 3.23 acres of land adjacent to its existing site in Castle Bromwich, Birmingham. This will cost £2.85m before expenses and approximately half of this is being funded by a 10 year term loan with interest of 1.99% above base rate. This will allow a warehouse and distribution facility to be constructed at a cost of an additional £3.50m, of which £2.35m will be borrowed. The loan for this will also be over 10 years and charged the . . .
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