Following the disposal of its principal operating subsidiaries to Tooru plc (formerly Riverfort Global Opportunities plc) an AIM -quoted company, the Company now operates without any trading subsidiaries and has significantly reduced its outstanding debt. It is now a cash shell and, in accordance with the Aquis Stock Exchange rules, is classified as an Enterprise Company.
The Company’s principal assets include its holding in Tooru, a minority shareholding in Coldpress Foods Limited, and a dormant subsidiary, Ohso Chocolate Limited.
As of 31 December 2024, the Company has accumulated tax losses estimated to be in excess of £2.6 million. These may be utilised to offset future profits should the Company engage in a qualifying trading activity.
Following the disposal, the Company’s unaudited balance sheet is expected to show:
- Cash and cash equivalents: £380,277
- Trade and other payables: £824,961
- Net assets: £3,580,207