Harworth Group Plc has published their AGM Trading Update. Harworth is an investment company that focuses on projects that lead to the regeneration of brownfield sites. The company held their annual General Meeting at 11 on the 24th May. At this meeting is was announced that the company has been progressing in a positive trajectory over the course of the first five months of this year. Harworth Group plc has also managed to expand their Capital Growth and Income Generation portfolios. The investment company has also allowed the company to successfully place their equity which has then led to the speed increase of the company’s strategy for acquisitions. The company is predicting that they will see the rest of the year meet the expectations of the Board.
The Capital Growth team of the company has been able to create growth that is still of a good value. This success has also been matched by the team that focus on selectively dispose of investment properties with the intention of maximizing the returns values for the company portfolio. The Income Generation team has also been able to keep up their drive for a more and more resilient recurring income. This department has been working in order to actively explore the company’s transactions that take place on the company’s most valuable sites. This allows them to create a development management as well as enabling the generation of promotion fees that come from third parties.
The Chairman of the company, Jonson Cox has announced that looking to the future, Harworth Group plc will be having to appoint a new chairman. Jonson has announced that he will not be seeking re-election, this has led to the process of identifying his successor to be started. The company will be releasing the details of the new appointment at some point in the future when the decision is made.
The company seems confident going forward that the other seven months of the year will be as successful as the ones they have already experienced. It is thought that the trading standards are currently meeting the expectations of the investment company’s board.
