Highlights

A period of significant change with trading conditions in the Group’s primary markets continuing to be extremely challenging.
Umbrella Frames property sold in February 2007 and business sold in June 2007 for a combined consideration of £10.4m gross proceeds (£8.5m net).
Net debt reduced by £2.5m to £12.7m.
Banking facilities restructured across the Group.
Businesses being restructured and Group better placed to generate satisfactory returns.
Move to Alternative Investment Market (“AIM”) being considered.

A period of significant change with trading conditions in the Group’s primary markets continuing to be extremely challenging.