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Haulier Sells Out S BROWN (Haulage Contractors), . short-distance hauliers, mineral

31st May 1963, Page 9
31st May 1963
Page 9
Page 9, 31st May 1963 — Haulier Sells Out S BROWN (Haulage Contractors), . short-distance hauliers, mineral
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Which of the following most accurately describes the problem?

earth moving and demolition contractors, of Bishop Auckland. Co. Durham, has sold the whole of its share capital for £32,000 cash payment to London and Northern Securities.

The net tangible assets of S. Brown were approximately £27,000 as at February 28. and it is expected that this company will contribute not less than £9,000 annually to group profits before tax.