Completion of surplus UK warehouse sale
Completed sale of surplus UK warehouse to Welsh Government for £3.1 million, realising £2.9 million profit.
- Sale price £3.1m
- Profit on sale £2.9m
- Carrying value £0.1m
- Selling costs and taxes £0.1m
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IG Design Group plc, a leading designer, innovator and manufacturer across various celebration and creative categories, announces that its subsidiary, IG Design Group UK Limited, has completed the sale of a surplus warehouse at Hirwaun Industrial Estate, Aberdare to the Welsh Government for c.£3.1 million. As previously indicated in the February 2026 trading update, this disposal forms part of the Group's efforts to strengthen its balance sheet. The carrying value of the site was £0.1 million and the sale will realise a profit of £2.9 million (after £0.1m of selling costs and taxes).
For further information, please contact:
| IG Design Group plc | Tel: +44 (0)1525 887310 |
| Stewart Gilliland, Interim Executive Chair | |
| Rohan Cummings, Chief Financial Officer | |
| Canaccord Genuity Limited (Nomad and Broker) | Tel: +44 (0)20 7523 8000 |
| Bobbie Hilliam | |
| Elizabeth Halley-Stott | |
| Alma Strategic Communications | Tel: +44 (0)20 3405 0205 |
| Rebecca Sanders-Hewett | designgroup@almastrategic.com |
Sam Modlin
Will Merison
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.