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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aquilo | LSE:AQL | London | Ordinary Share | GB00B1LJ8P37 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8366N Aquilo PLC 13 December 2006 AQUILO PLC ("Aquilo" or the "Company") DISPOSAL OF THE BUSINESS OF AQUILO MOTOR SERVICES LTD Further to the announcement dated 27 November 2006, Aquilo plc today announces that it has agreed to sell the business of Aquilo Motor Services Ltd (the "Motor Services") to Nationwide Accident Repair Services plc, the provider of automotive crash repair and accident management services to the UK automotive, fleet and insurance industries, for #1.275m, comprising #750,000 in cash and #750,000 of net assets, adjusted for creditors and a rent free period. Aquilo Motor Services Ltd is a subsidiary of the Company that provides motor claims management services. The sale of its claims management business will enable Aquilo to focus on the ongoing, non-motor claims handling, operations. In the year ended 31 December 2005, Motor Services recorded a turnover of #15.1m, a loss of #699,000 and had net assets of (#1,331,000). The sale proceeds will be used to improve the working capital position and invest in our building repair operation. Clive Nicholls, Chief Executive of Aquilo Plc commented "We are very pleased to have concluded the sale to a company such as Nationwide. Having exited the motor business the Company is now free to focus on the profitable property claims handling and supply chain business, Aquilo Business Solutions, and the new and growing building repair operation, Aquilo Inspection & Reinstatement Services. " Further enquiries: Clive Nicholls, Chief Executive Officer, Aquilo plc 020 3008 5514 Crispin Burdett, Company Secretary, Aquilo plc 020 3008 5515 John Riddell, Noble & Company Limited 0207 763 2200 This information is provided by RNS The company news service from the London Stock Exchange END DISGUGUWPUPQGAW
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