Headlam Group to sell assets to Likewise for £14.9m, cancellation of listing planned
Headlam Group PLC announced the disposal of assets to Likewise for £14.90 million plus VAT, including the Thatcham Centre, Crucial Trading, and Concept Flooring brands. The company also stated that funds from the disposal are unlikely to meet unsecured creditors' claims in full, and that joint administrators will apply for the cancellation of Headlam's listing.
90 million plus VAT. 90 million for brands and intellectual property. Headlam said the funds from the disposal are unlikely to meet unsecured creditors' claims in full and that any return of capital to shareholders is unlikely. Joint administrators will apply for cancellation of the Headlam listing, while Likewise will help sell the remaining inventory over the next 7 months.