Initial consideration on completion was £0.2m in cash, with additional payments of up to £0.1m to be received on the satisfaction of certain post completion matters.

Workplace Engineering provided mechanical and electrical engineering maintenance services for a range of customers reported an operating loss of £0.5m in the first half of 2009.

It is intended to report the results of Workplace Engineering as a discontinued operation for the full year 2009.

The total loss from discontinued operations is expected to be some £4.3m, comprising the trading loss to 30 November of approximately £1.5m, reorganisation and closure costs of approximately £1.2m and goodwill write off of £1.6m.

The total cash effect of the reorganisation and closure costs is anticipated to be approximately £0.7m of which £0.3m remains to be expended.

Overall, the textile rental, facilities management and drycleaning divisions within Johnson Service Group PLC are continuing to trade in line with expectations.

A pre-close statement will be issued during week commencing 4 January.

Story provided by Business Financial Newswire