Door of opportunity
Article Abstract:
BLP is a supplier of wood veneer and furniture components and is acquiring two more furniture components companies, Stanley Cole and Berman. Cole holds a stake of some 20% in the market for membrane pressed cabinet doors in the United Kingdom, and this market is growing. Berman brings a distribution business as well as contributing imported furniture components. The company is carrying out a stock issue to help fund the acquisitions, which will strengthen BLP through diversification.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Wyefield: bad posture
Article Abstract:
Wyefield reported a loss of 2,25 million pounds sterling for 1995 to 1996. The company reported trading losses of 900,000 pounds with 855,000 restructuring costs and 450,000 writedowns and disposal losses. The company has yet to complete its reorganization and is investing in a new computer system costing some 400,000 pounds. Wyefield has unprofitable models which will affect profits for 1996 to 1997, and the German market is contributing less to the company's sales.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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BLP shopping spree cheers up shares
Article Abstract:
BLP acquired Stanley Cole and Bermans in 1998, and the benefits of these acquisitions should become apparent in 2nd half 1999. Stanley Cole, a manufacturer of panels, was faced with capacity constraints due to strong orders in early 1999 and capacity has since been increased. BLP is unlikely to make further acquisitions until 2001 and aims to reduce gearing to under 50%. The company's profit is forecast at 3.4 million pounds sterling for 1999 by Wiliams de Broe.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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