Bit strange how its now £70m when 12-18 months ago they were making discrete enquires to potential purchasers and giving a ball park of less than half that.
Yes but the earlier poster may not be off the mark by quoting a huge amount. Remember SISU actually inherited debt - so if they sold for nothing it would depend on the new owners taking the debt on.
I've no idea who the debt was owed too, or how much it is now. Maybe OSB could fill us in?
He does several times a month i think .:angelic:.
All that really matters is the money ARVO put in, I think the last figure OSB estimated was in the region of £24M.
Much of the original SISU debt from the Ranson era has been written off, and whatever remains on the books is there as a paper debt.