27 July 2017
Stranger Holdings plc / Index: LSE / Epic: STHP / Sector: Investment
Stranger Holdings plc ('Stranger' or 'the Company') ResultsStranger Holdings plc, the company formed to undertake an acquisition of a target company or business, announces its results for the period ended 31st March 2017.
Chairman's Statement:The Company was formed to identify and acquire attractive assets or businesses, through which it can leverage the Board's experience and track record of growing companies, with a view to implementing an operational improvement strategy to build value and create significant uplift to shareholders.
To this end we have been actively evaluating multiple opportunities that we felt fit with our investment policy, that being profitable or having the potential to become profitable, asset driven, exhibit strong cash flow and have existing management that will stay on during an acquisition process. Typically, we have been targeting businesses with a valuation of between £1-£10 million.
The evaluation process has been stringent, as we want to ensure, to our best ability, that we identify the correct opportunity for Stranger. We have progressed with a number of potential transactions but these have not been consummated following the due diligence process. However, we believe that we are close to securing a deal that fits the afore mentioned investment criteria, which we hope to advance to a stage where we can announce it to the market.
I'd like to thank shareholders for their patience and support since listing and I look forward to concluding a transaction that I believe will reward our shareholders and deliver long term value.
Chairman James LongleyThe full accounts are published below.
**ENDS**For further information visit www.strangerholdingsplc.com or contact the following:
Stranger Holdings plc | ||
James Longley | Stranger Holdings plc | info@strangerholdingsplc.com |
Financial Adviser | ||
Jon Isaacs | Alfred Henry Corporate Finance Ltd | Tel: +44 (0) 20 7251 3762 |
Financial PR | ||
Isabel de Salis /Olivia Vita | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Company Registration No. 09829720 (England and Wales)
STRANGER HOLDINGS PLC DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2017 STRANGER HOLDINGS PLC COMPANY INFORMATIONDirectors James Longley Charles Tatnall
Company number 09837001
Company Secretary James Longley
Anchor House, 4 Durham Street, Vauxhall, London, England
SE11 5JA
Registered Office 27-28 Eastcastle Street,
London
W1W 8DH
Auditors Jeffreys Henry LLP Finsgate
5-7 Cranwood Street London
EC1V 9EE
Registrar Share Registrars Ltd The Courtyard,
17 West Street Farnham Surrey
GU9 7DR
Financial Adviser and Alfred Henry Corporate Finance Limited
broker Finsgate
5-7 Cranwood Street London
EC1V 9EE
Legal Adviser to the DMH Stallard LLP
Company 6 New Street Square London
EC4A 3BF
STRANGER HOLDINGS PLC CONTENTSStrategic review report | 3 |
Directors' report | 5 |
Directors' remuneration report | 7 |
Corporate governance report | 8 |
Independent auditors' report | 9 |
Statement of comprehensive income | 11 |
Statement of financial position | 12 |
Statement of cash flows | 13 |
Statement of changes in equity | 14 |
Notes to the financial statements | 15 |
Stranger Holdings plc published this content on 13 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 September 2017 09:51:07 UTC.
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