Assets of James Clifford and Son Acquired

Headlam Group PLC 10 January 2000 Headlam Group plc Headlam Group plc, the leading UK floorcoverings and furnishings distributor, announces that on Friday 7 January 2000 it acquired certain assets, liabilities and goodwill of James Clifford and Son Limited trading as Clifford Carpets. Clifford's, a regional floorcovering distributor based in Kent, is situated adjacent to an existing Headlam facility. It is the intention later this year to relocate the Clifford's business into the current Headlam facility but to preserve the independent operations of Clifford Carpets. Initial consideration based on the net assets acquired was £1,350,000 in cash, subject to a further small payment once the net assets are finalised. As at 24 December 1999 the net asset position was £1,420,000 and annual sales for 1999 were £5.7m. For further information please contact: Ian Kirkham Tel: 01604 234121 Group Chief Executive Headlam Group plc Northampton Richard Mountain Tel: 0207 496 1447 Gavin Anderson & Company
UK 100

Latest directors dealings