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Rotala acquires Wigan Coachways

By BFN News | 01:48 PM | Thursday 04 August, 2016


Rotala has acquired from Rojay Services, trading as Wigan Coachways, its entire business, brand and 8-strong vehicle fleet for a cash consideration of £213,000. The company estimates that the Wigan Coachways business has annual revenues of approximately £500,000 and that its vehicle fleet has a fair value of approximately £58,000. Rotala will not assume any other assets or liabilities of any materiality on acquisition. On this basis the acquisition is expected to generate about £150,000 of positive goodwill on consolidation. At 1:48pm: (LON:ROL) Rotala PLC share price was 0p at 60.75p Story provided by StockMarketWire.com

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