CML Microsystems (CML): Surplus land disposal
This situation live
CML CML Microsystems
18 Nov 2025 · Contract signed; £4m received · −27% until the next step
The remaining £3m cash payment falls due under unconditional contract terms in March 2026.
1 Apr 2026 · Completed 27 March 2026; remaining property revalued · +34% until the next step
The disposal of the final plot of land at our UK headquarters, Oval Park, completed on 27 March 2026.
17 Jun 2026 · Oval Park land sold; Meon House leased with option · +9% since
The Board's objective to raise cash from its non-operational property interests has continued.
Surplus land disposal
Oval Park land sold; Meon House leased with option
Next: tenant decision on Meon House purchase option
Every step · 3
- 18 Nov 2025 Contract signed; £4m received – The remaining £3m cash payment falls due under unconditional contract terms in March 2026. ↗
- 1 Apr 2026 Completed 27 March 2026; remaining property revalued – The disposal of the final plot of land at our UK headquarters, Oval Park, completed on 27 March 2026. ↗
- 17 Jun 2026 Oval Park land sold; Meon House leased with option – The Board's objective to raise cash from its non-operational property interests has continued. ↗
What is happening
CML Microsystems: Surplus land disposal – Oval Park land sold; Meon House leased with option. ['Oval Park land sold; Meon House leased with option']
- Announced
- 18 Nov 2025 · Contract signed; £4m received
- Latest
- 17 Jun 2026 · Oval Park land sold; Meon House leased with option
- Why
- Completes the disposal of the final plot of surplus land at Oval Park, a process begun in FY22.
- Value
- £7.0m · 13% of market value – total consideration for the disposal of surplus land at the Group's headquarters (£4m received, £3m due March 2026)
- The business
- £3m balancing payment received in FY26 (£4m earlier)
- What it changes
- H2 revenue recovery and FY27 growth expectation hold, but FY26 closed with a £1.93m pre-exceptional operating loss, 63% margin and no statutory profit, as the April ~£1.8m expectation fell away on accounting treatment.
What comes next
tenant decision on Meon House purchase option.
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