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TGM Tellings Gldn

42.50
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tellings Gldn LSE:TGM London Ordinary Share GB0033384180 ORD 7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 42.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acquisition(s)

05/04/2006 8:01am

UK Regulatory


    TELLINGS GOLDEN MILLER GROUP PLC                        

                    ACQUISITION OF HYLTON CASTLE MOTORS LTD                    

The Board of Tellings Golden Miller Group plc ("Tellings" or the "Company") is
pleased to announce that the Company has today completed the acquisition of
Hylton Castle Motors Ltd ("Hylton")

The business of Hylton Castle Motors Ltd was started over 50 years ago and
purchased by the current owner in 1965.

The main operation of the business is to provide coach hire for Home to School
Bus Services as well as Private Hire for the local market in Tyne and Wear.

Included in the sale are 7 coaches together with employees, goodwill, plant and
equipment.

Turnover for the year ended 31 October 2005 was approximately £300,000.

The business will be integrated into Telling's existing Classic Coaches
Operation and will be under the control of Ian Shipley. Tellings will not be
acquiring the premises currenly occupied by Hylton.

Commenting of the acquisition, Stephen Telling Chariman of Tellings commented:

"I am very pleased to have concluded this acquisition, it further strengthens
our Company and our commitment to providing a quality service for the
travelling public in the Tyne and Wear area."

Enquiries:

Stephen Telling   Tel: 020 8755 7050                                           



END



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