Recent News
Artisan (UK) Plc Enters into Conditional Contracts to Sell Bickerton Construction Ltd and Drivers Construction Ltd
25 May 2001
The Directors of Artisan (UK) Plc are pleased to announce today that they have entered into conditional contracts to sell Bickerton Construction Ltd and Drivers Construction Ltd.
The two regional contractors no longer form part of the core activities, being residential and commercial property developments. The development activity of Drivers has been retained and will form a Residential Development business, to be based in Mid-Hertfordshire.
In the year to March 2001, both Bickerton and Drivers achieved operating profits of £862,000 including £1.34million non-recurring income.
The businesses will be sold for a total consideration in cash and debt assured of £2.65million and are expected to show Artisan £2.01million profit before expenses.
The preliminary results are expected early July.
Enquiries:
| Artisan (UK) Plc | ||
| Chris Muselle | Finance Director | 01480 436 666 |
| Cater Barnard plc | ||
| Stephen Dean | Chairman | 0870 066 0830 |
| Seymour Pierce Ltd | 0207 648 8700 | |
| Sarah Wharry |
