Biocare Solutions plc, which develops, manufactures and sells natural household cleaning products, has been admitted to AIM. Biocare’s sales are predominantly in Italy, although the Company has gained a foothold in both the UK and Malaysia.
A team led by Hew Tittensor of Nexia Smith & Williamson acted as reporting accountants to Biocare.
Hew, an assurance and business services director at Nexia Smith & Williamson, said: "We’re delighted to have acted for this company at what is an exciting time in its development. We wish Biocare well with their aims to progress in the Italian market and increase their sales levels in the UK and Asia Pacific."
The proceeds of the placing will be used as working capital to allow full automation of its existing manufacturing processes and to expand its line of products.
For further information, contact:
Hew Tittensor is an assurance and business services director at the North London office of accountants and financial advisory group Smith & Williamson
Tel: 020 8492 8737
Email: hew.tittensor@smith.williamson.co.uk
www.smith.williamson.co.uk
Press office
Alison Hayman, tel: 020 7131 4138
Layisha Laypang, tel: 020 7131 4550
Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.