Thursday, June 25, 2009

News: Crawshaw raises cash for continued expansion


Rotherham based butchers, Crawshaw has raised nearly £900,000 to support the company's store rollout strategy.

ISIS Equity Partners LLP is subscribing for 5,256,254 new ordinary shares in the company at 17 pence per share. This will raise approximately £894,000.

Crawshaw opened its 20th store on June 11, the 7th new store opening in less than 12 months. These new stores cover a variety of different locations and formats.

In March the board postponed opening further new stores until late summer 2009 in order for the financial returns of each store type to be fully evaluated. The board also felt that a cautious approach was appropriate in the current external financial environment.

The Bradmarsh Business Park company was acquired by the Felix Group in March 2008 for around £12m.

Crawshaw website


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