Mission Capital has reported a pretax loss of £99,000 in the year ended 30 September, down from a loss of £285,000 12 months earlier.
In the company’s full-year results released today, chairman Philip Goldenberg said the company was continuing discussions on a potential purchase which would enable it to continue to list its shares on AIM.
Mission’s shares were suspended from trading on 2 August last year after it failed to meet a 31 July deadline by which it had to make a real estate investment under AIM rules.
“We announced on 20 December 2010 that Heads of Terms had been signed in relation to a suitable potential acquisition,” said Goldenberg. “The company continues to pursue this potential acquisition, which would be a reverse takeover pursuant to the AIM rules for companies, and a further announcement will be made in due course.”
Goldenberg added that the company was continuing to investigate the best outcome for its Roebuck House, Gloucester, investment. The board has decided to put Roebuck House on the market for sale or rental.
nathan.cross@estatesgazette.com
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