Administrators pull down shutters on security blinds business
Joint administrators from Antony Batty & Co appointed to AIM-listed Eruma
ADMINISTRATORS have been called in to AIM-listed security blinds business Eruma.
Antony Batty and Stephen Evans, of Antony Batty & Co, were appointed joint administrators to Eruma and its subsidiary Security Blinds Ltd.
Shareholders will be “updated as so n as possible”, the administrators said in a statement to the stock exchange.
Shares in the company were suspended on this morning. Its shares were trading at 1.6p, valuing the company at £0.4m. It had traded at 10.25p in its 52-week high.
Eruma was incorporated in 2005. Its other subsidiary operates as Illuminex, which focuses on high-tech solid state lighting systems.
Antony Batty formed his firm in 1997, and has specialised in busienss recovery and corporate finance. He also manages Cashflowfinance alongside Michael Barker.
For more companies and markets information visit the Share Price Centre