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Rotala acquires Rolling Solutions Ltd

By BFN News | 07:44 AM | Monday 02 March, 2015


Rotala has acquired the entire share capital of Green Triangle Buses Limited from Rolling Solutions Ltd and Julian Peddle for a cash consideration of £900,000. At completion, Rotala also repaid about £368,000 to GTB's bankers to settle the outstanding overdraft. At the date of acquisition GTB had net assets of some £466,000 including Hire Purchase debt of £233,000. In the year ended 31st August 2014, GTB had revenues of approximately £3.9 million and a profit before tax and exceptional items of £107,000. On this basis the Acquisition is expected to generate about £450,000 of positive goodwill. Story provided by StockMarketWire.com

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