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Shiloh - Expands mobility services into South East

March 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SLH
Shiloh has acquired Care & Mobility, a mobility services business, for up to £1.6m. £1.0m is being paid initially in cash with the balance of £0.6m in two installments in June 2003 and June 2004, subject to achieving certain profit targets. Shilohestablished its mobility division in 2000 and is now rolling out anational network. C&M, which is its biggest acquisition in termsof sales, is based in Essex, with branches in Clacton, Ilford and Stevenage. It will therefore expand Shiloh's presence in the South East. C&M provides mobility aids and equipment to the private sector, social services and local authorities.  In the year to 31 December, the business made a pretax profit of £194,000 on sales of £3.2m. I ...

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