Trading Update 19th November 2018
Following our most recent Board meeting on November 1st 2018, The Board has approved a plan for Traidcraft plc to continue trading into 2019 and beyond. The plan foresees a reduced, restructured and transformed organization, significantly smaller, but able to trade sustainably.
It is therefore, appropriate to reinstate trading of Traidcraft plc as of Monday 19 November 2018.
Trading update 18th September 2018
Traidcraft plc’s recent trading has been poor, and despite enormous efforts by staff, management and Fair Traders over the last few years to reverse the company’s performance these efforts have not yet succeeded. Traidcraft plc’s assets remain considerably greater than its liabilities, and while this remains the case the Board of Directors believe it is prudent to close its current loss-making trading operations. Traidcraft plc’s mission to put the principles of fair trade into commercial practice is not, in any sense, fulfilled but the Directors appreciate that it is time to consider new approaches.
Traidcraft plc has entered a period of consultation with staff, as all roles (except that of CEO) would end under the company’s proposals to cease its current trading operations on 31st December 2018. No final decisions have been taken nor will they be until this consultation period is completed.
Given the current situation of the business, share trading in Traidcraft shares on the Ethex platform will be suspended until this period of consultation is complete, with the potential for the suspension to be extended based upon the outcome of the process.
Aims, social and environmental performance, how it's run
If you are in any doubt about the information on this website, the content of the accompanying annual report or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.
Prospective investors should be aware that the value of the shares, which will not be quoted, can fluctuate. In addition, there is no certainty that investors will get back the full amount they invest.
The Ethex team are here to help from 9am to 5pm
01865 403 304