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Coral Products ( (GB:CRU) ) has issued an announcement.
Coral Products Plc has announced the exchange of contracts for the sale and leaseback of two properties at Haydock Industrial Estate, resulting in a financial boost of £1.7m against a book value of £1.3m. Additionally, the company has settled an insurance claim related to a fire incident, receiving a £900,000 payout. The total proceeds of £2.6m will be used to fully settle property mortgages and other borrowings, with the remaining £1.5m earmarked for improving working capital and strengthening the company’s financial position. This strategic move enhances the financial resilience of Coral Products as it enters 2025.
More about Coral Products
Coral Products Plc is a group of specialist businesses focused on the design, manufacture, and omni-channel supply of bespoke plastic products, based in Wythenshawe, Manchester.
YTD Price Performance: 0%
Average Trading Volume: 182,482
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.56M
Find detailed analytics on CRU stock on TipRanks’ Stock Analysis page.
