Ten Alps sells Grove House Publishing for £50,000Staff writer ▼ | June 14, 2016
Ten Alps, trading as Zinc Media, has sold its subsidiary, Grove House Publishing (GHP) for £50,000.
Selling GHP had revenue of £1m for the year
Ten Alps will retain the debtor book and cash in the subsidiary subject to various completion adjustments.
GHP had revenue of £1m for the year ended June 30, 2015 and a profit before tax of £30,000. Proceeds from the sale will go towards the general working requirements of Ten Alps. ■