This long-established family firm has a reputation for good management. The balance sheet looks exceptionally strong with cash and debtors of £78m and current liabilities of just £26m, which includes a £25m pension deficit. But is the financial management of the company too conservative or is it an excellent investment for investors who like to sleep easily at night?
As an increasing number of private investors are now inevitably being drawn to AIM companies in which to invest their savings, a team of UKSA’s members has begun to examine selected AIM companies’ annual reports, with the objective of exposing directors’ reporting practices to public scrutiny by publishing our findings.
Full James Halstead review here
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