Entu sold out of administration to Latium

Cheshire-based home improvement company Entu has been sold out of administration a week after trading in its shares was suspended.

The Latium Group which includes the brands Weatherseal, Penicuik, Zenith, St Helens Glass, St Andrews and Job Worth Doing have bought the businesses after KPMG directors Paul Dumbell and Jonathan Marston were appointed as administrators.

The immediate resignation of directors David Forbes, Ian Blackhurst, Neill Skinner, Geoff Stevens and Lorraine Clinton was announced on Thursday (August 31).

Dealing in shares was suspended on August 24 when the company said it was no longer able to continue trading as a going concern whilst pursuing a sale of the business.

Entu floated on AIM in October, 2014 with a market capitalisation of £66m.

Latium’s chief financial officer Adrian Kirk said: “We are delighted to have acquired these excellent brands and all of the employees of Entu. Latium will invest substantial amounts of capital and expertise in order to continue the great service and products that these brands offer to the consumer.”

Latium, a privately owned international group of companies, owns businesses in the manufacturing, retail, commercial property, technology and renewable energy sectors.