Storyboard losses narrow
29th June 2012
Storyboard posts a loss of £33,455 for the year to the end of January - down from £54,120 last time.
Chairman Marcus Yeoman said the year was most notably marked by the decision to liquidate the company's assets via auction.
This decision was reached with shareholder approval after determining that the interests of shareholders would be best served by a managed liquidation of the remaining artwork, followed by a change of strategic direction for the company.
He says it is Storyboard's intention that the company should remain on the PLUS-quoted market as an 'investment vehicle' following the disposal.
The sale of the company's portfolio is being conducted via auction at Sotheby's in London on 10 July.
Story provided by StockMarketWire.com
- Register Now For Free!