UK hygiene products manufacturer begins to flex its corporate muscles

Posted on July 1st, by editor in Caring Times. No Comments

Lancashire based healthcare group Shiloh plc, which manufactures and supplies hygiene products, is on the takeover trail, according to chairman Edmund Gartside. “We continue to look for suitable acquisitions in our areas of activity,” he says in his annual report. The company, which has its main manufacturing and marketing headquarters at Royton, Oldham, also has operations in Scotland (Paisley and Bellshill, Lanarkshire) and Sussex (Rustington) Mr Gartside said the group has been restructured to enhance shareholder value and during the year sold its traditional textile spinning business to a management buy-out team. Although the group made a £3.42 million loss during the year, the continuing healthcare operations made a profit of £818,200 and their sales were up 11% at £25.3m. “The group balance sheet remains healthy,” Mr Gartside said. “We have cash and bank deposits of £3.48 million and cash flow has improved. We have retained the freehold of the three spinning mills which are in the group accounts at

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