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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Better Capital Pcc Limited | LSE:BC12 | London | Ordinary Share | GG00B4N1RV71 | ORD GBP1.00 (2012) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.00 | 0.50 | 1.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMBC12 TIDMBCAP
RNS Number : 3698P
Better Capital PCC Limited
09 June 2020
9 June 2020
Better Capital PCC Limited
(the "Company")
Reconstruction of the Everest Business
The General Partner of BECAP12 Fund LP ("Fund II") has informed Better Capital PCC Limited (the "Company") that through a pre-packaged administration certain of the assets, including the order pipeline of Everest Limited, have been sold to a new trading company, Everest 2020.
This has been financed principally by Fund II which has invested GBP3.2m into the creation of the new business. It is therefore likely that the next accounts of the Fund will therefore reflect a material write-down of the valuation of the Everest investment.
This transaction protected over 400 jobs and provides for the completion of existing window and conservatory orders. Installation operations restarted on last Monday.
Enquiries: Better Capital PCC Limited Norman Amey +44 (0) 1481 742 742 Numis Securities Nathan Brown +44 (0) 20 7260 1426
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 09, 2020 02:00 ET (06:00 GMT)
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