Boston Mayflower Finance PLC Merger complete with Shoreline Housing Partnership (7054J)
03 Abril 2018 - 1:23PM
UK Regulatory
TIDM90IY
RNS Number : 7054J
Boston Mayflower Finance PLC
03 April 2018
We are pleased to confirm that today the FCA has issued the
necessary registration of Lincolnshire Housing Partnership Ltd
(LHP) being an amalgamation of the former two housing associations
Boston Mayflower Ltd and Shoreline Housing Partnership Ltd.
The new company will inherit all the former assets and
liabilities of the two associations creating a business with a
combined annual turnover of GBP52m, property of GBP266m and net
assets of GBP102m. The combined business will employ 350 staff
mainly in Boston and Grimsby.
The new business is planning to deliver annual operating
efficiency savings of GBP1.8m per annum within the first 3
years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCIJMFTMBTMBBP
(END) Dow Jones Newswires
April 03, 2018 12:23 ET (16:23 GMT)
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