Subsidiary ceasing to trade

RNS Number : 2151H

Smart(J.)&Co(Contractors) PLC

13 November 2018

 

J. SMART & CO. (CONTRACTORS) PLC

28 CRAMOND ROAD SOUTH

EDINBURGH

EH4 6AB

Company Number:  SC025130

The Directors announce that a decision has been taken following a Board Meeting on 9 November 2018 that the Company's subsidiary company Concrete Products (Kirkcaldy) Limited will cease to trade.

The Directors took this decision due to the substantial losses made by Concrete Products (Kirkcaldy) Limited in the current year to 31 July 2018 and in previous years.  In the year to 31 July 2018 the company's revenue amounted to £2,100,000 and it suffered a loss before tax of £466,000.

Patricia Sweeney

Company Secretary

13 November 2018

 

END

 

 

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