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Tanfield Group PLC Ord 5P (TAN)

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03-Mar-2022 09:30 PM

IN BRIEF: Tanfield secures additional £125,000 loan

Tanfield Group PLC - investment firm headquartered in Newcastle Upon Tyne - Says additional loan of £125,000 subscribed to, taking value of loan agreed in March 2020 to £625,000. ‘Following discussions with the existing shareholders, th
24-Aug-2020 09:40 AM

Tanfield books first-half loss as Snorkel legal costs weigh

Investment company Tanfield reported a first-half loss, owing to legal fees associated with its holding in Snorkel International. Pre-tax losses for the six months through June amounted to £369k, compared to losses of £127k on-year. Tanfield
21-Aug-2019 07:32 AM

Tanfield posts first-half loss amid higher legal fees

Investing company Tanfield posted a narrower first-half loss, due to it posting an impairment charge in the previous year. Pre-tax losses for the six months through June amounted to £0.13m, compared to losses of £17.3m on-year. Operating los
31-May-2017 01:00 PM

Tanfield director steps down

Tanfield Group has confirmed that Jon Pither has decided to step down from the Board with immediate effect and has resigned his position as a director of the Company. At 1:00pm: (LON:TAN) Tanfield Group PLC share price was +0.13p at 16.13p Story pr
27-Jul-2015 07:37 AM

Tanfield narrows H1 pretax loss

Tanfield has narrowed its H1 pretax loss from operations to £0.21m, from £0.26m. Revenue was nil. It is currently defined as an investing company that has two passive investments. Story provided by
21-Aug-2014 08:01 AM

The Tanfield Group widens H1 pretax loss

The Tanfield Group widened its H1 pretax loss from operations to £0.26m, from a loss of £60,000. Revenue was nil, from £1.3m. Smith has executed the acquisition of American Business Services, Inc (ABSR), an OTCBB company, by acquiring 85% of the comm
02-Jun-2014 07:53 AM

Tanfield swings to FY pretax profit from operations

Tanfield swung to FY pretax profit from operations of £7.4m, from a loss of £13.4m. Revenue was £2.2m, from £3.3m. Its only remaining assets being passive investments in Snorkel International Holdings and Smiths Electric Vehicles Corp. The current va
30-May-2014 01:05 PM

Tanfield numbers delayed

Further to the announcement of the 12th of May, in which Tanfield (LON:TAN) stated its expectation that its final results for the year ended 31 December 2013 would be published by the end of May, the Company confirms that it now expects these to be publis
05-Nov-2013 08:47 AM

Tanfield Group terminates three directors

Tanfield said as an investing company it will have minimal running costs and the employment of executive directors Darren Kell, Charles Brooks, and Brendan Campbell have now been terminated in accordance with a condition of the sale of the Powered Access
30-Sep-2013 08:19 AM

Tanfield Group H1 pretax loss widens to £8.5m

Tanfield Group booked an H1 net loss of £8.5m, from a loss of £6.9m. Revenue totalled £18.9m, from £24.1m. "The Board are strongly recommending the recently announced proposed disposal of the Powered Access division, which de-risks the Tanfield
20-Sep-2013 09:45 AM

Tanfield takes minority interest in new venture

Tanfield Group has reached agreement on the terms of a conditional contribution agreement to dispose of its Snorkel Division putting it into a new company, Snorkel International Holdings. It will retain a minority interest, with SKL Holdings owning a maj
10-Sep-2013 02:03 PM

Tanfield gives update on sale process and financing

Tanfield Group (LON:TAN), a manufacturer of Aerial Work Platforms, is providing the following update to the M&A progress announcement of 9th August 2013. The Board is pleased to report that the company, together with the preferred potential purchaser i
23-Aug-2013 09:26 AM

Tanfield, Smith Electric in Taiwan letter of intent

Tanfield, a global manufacturer of Powered Access equipment, said it and Smith Electric Vehicles Corp have signed a Letter of Intent regarding a joint venture manufacturing arrangement in Taiwan with Taikang Technology Corporation. Tanfield is an investo
24-Jul-2013 12:20 PM

Tanfield seeks to sell its Snorkel division

Tanfield Group PLC, a leading manufacturer of aerial work platforms, has reported that there are a number of companies seeking to acquire its Snorkel Aerial Work Platform division which is for sale. As stated last month, Tanfield requires the introducti
28-Jun-2013 07:33 AM

The Tanfield Group narrows FY pretax loss to £14.4m

The Tanfield Group narrowed its full-year pretax loss to £14.4 million, from £16.3 million. Revenue was £45.1 million, from £48.3 million. "As we predicted, global demand for aerial work platforms continued to grow significantly throughout 2012,
20-Feb-2013 08:29 AM

Tanfield H2 trading in line, eyes 2013 FY profit

Tanfield Group said second-half trading was in line with the first, and that it is mulling several approaches from parties interested in acquiring its Global Aerial Work Platform business. The company, which makes aerial work platforms, said thierd-quart
28-Sep-2012 09:41 AM

Margins improve at Tanfield Group

The Tanfield Group, specialist in aerial work platforms, shows rurnover decline reversed at £24.1m (H2 2011: £23.7m) for the half year. The company improved margins and controlled overhead cost base and net losses narrowed to £7.0m (H2 2012: Operating
17-Jul-2012 09:35 AM

Tanfield boosted by healthy order book

In the first quarter of 2012, Tanfield raised approximately £11.4m net of expenses by way of a placing of new equity to invest in its supply chain. This enabled Tanfield to grow its global powered access business in response to its order book demand.
12-Apr-2012 09:14 AM

Tanfield sees margins increase and order book improve

Tanfield Group insists the 11% increase in revenue for the year to £48.3m (2010 £43.5m) reflected the improved market conditions constrained by supply chain capacity and working capital constraints in 2011. Gross margins increased to 37% (2010: 29%)and
08-Mar-2012 10:58 AM

Two directors depart from Tanfield Group

John Bridge and Jeremy Wooding are stepping down as non-executive directors with Tanfield Group. Mr Bridge joined the Board in January 2001. Mr Wooding has been a director since June 2009 and was Tanfield's non-executive deputy chairman. At 10:
09-Feb-2012 07:59 AM

Healthy order intake for Tanfield Group

Tanfield Group's, trading for the second half of 2011 was similar to that of the first half. The Company's order book continued to grow as order intake significantly outstripped monthly shipment revenues. Equipment lead times extended as the
04-Nov-2011 08:49 AM

Bond conversion for Tanfield's US partner

Further to its announcement of 24 October 2011, the Board of Tanfield is pleased to announce that its US associated company, Smith Electric Vehicles Corp., has obtained the necessary approvals, and has established a new class of preferred equity securitie
08-Mar-2011 12:37 PM

Tanfield associate SEVUS raises $58m

Electric vans company Tanfield Group plc said its associate Smith Electric Vehicles US has raised $58m of new equity in a private placing. As a result of the placing, in which Tanfield did not participate, it now holds 32.2% of the outstanding issued s
04-Jan-2011 09:21 AM

Tanfield completes Smith assets sale

Tanfield Group plc has completed the sale of the business assets of Smith Electric Vehicles UK, notified on December 23. Story provided by
04-Nov-2010 10:55 AM

Tanfield says AADB investigation relates to historical issues

Electric vehicles group Tanfield said a planned investigation into its auditors concerned historical issues relating to past sets of accounts. The Accounting and Actuarial Discipline Board had issued a press notice advising of its intention under its Acc

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