Crucial Plan suspended
SHARES in the Manchester investment company Crucial Plan were suspended this morning.
In a statement to the Alternative Investment Market Crucial Plan said it had requested the suspension because its auditors had not yet concluded their review of the annual accounts to April 30.
Earlier this year the business changed its focus from running a hotel in the Lake District to exploring the potential of minerals and precious metals.
It sold its only asset, the Borrowdale Gates Hotel in Grange-in-Borrowdale, Cumbria, for £1.7m in cash.
At an extraordinary general meeting in September shareholders passed all resolutions which saw the business become a trading company, “involved primarily in the minerals, precious metals and resources sector which will be capable of significant organic growth”.
