Ten Alps Plc, the award winning, critically acclaimed TV producer and integrated publishing and communications provider, today announces the disposal of its assigned assets and liabilities in the Fareham Agency, held via its subsidiary Ten Alps Communications Limited (“TAC”), for a net cash consideration of £144,616 and an agreed write-off of the net intercompany balances of £687,702 owed to the Fareham Agency by Ten Alps and its subsidiaries less retained cash of £154,219. The disposal was effected by way of a management buyout completed by Scott Ford, director of TAC.
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