Business
Surplus Property Update
Robinson plc has completed the sale of approximately 1.3 acres of its Walton Works surplus property for £616,665, which will be used to reduce bank debt. The final costs borne by the buyer were £412,335, a reduction from the initially anticipated £429,000. The property, which generated £7,000 in rental income in 2025 and had a book value of £540,000 at the end of that year, is part of the company's ongoing strategy to divest surplus properties and reduce indebtedness to support its packaging business development. Disclaimer*
About this update from Robinson Plc
[{"type":"text","content":"\n\n\n \nRobinson plc \n19 March 2026\n \nSURPLUS PROPERTY UPDATE\n \nRobinson plc (\"Robinson\", the \"Company\" or the \"Group\"; stock code: RBN), the custom manufacturer of plastic and paperboard packaging, is pleased to provide an update on the status of the divestment of the Company's surplus properties.\n \nIn line with our Surplus Property Update on 7 August 2025, the Company is pleased to announce the completion of the sale of c.1.3 acres of the Walton Works surplus property. Contracts were exchanged on 13 August 2023 and following satisfactory completion of the necessary conditions, including receipt of full planning approval, completion took place on 18 March 2026. The gross consideration payable was previously anticipated to be £1,029,000 with expected costs of £429,000. The final costs of £412,335 will be borne by the buyer, therefore, the consideration payable at completion was £616,665, which will be used to reduce current bank debt. The majority of the property was vacant with a small part periodically let to third parties on short term tenancies. The property attracted rental income of £7,000 during 2025 and the book value was £540,000 at 31 December 2025. \n \nThe intention of the Group remains, over time, to realise value from the disposal of surplus properties and use the proceeds to reduce indebtedness and develop our packaging business.\n \nFor further information, please contact:\n \n\n\n\n\nRobinson plc\n\n\nwww.robinsonpackaging.com\n\n\n\n\nJohn Melia, CEO\nMike Cusick, CFO\n\n\nTel: 01246 389280\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish Capital Markets Limited\n\n\n\n\n\n\n\nEd Frisby / Seamus Fricker, Corporate Finance\nElla Bedford, Corporate Broking\n\n\nTel: 020 7220 0500\n\n\n\n\n \nAbout Robinson:\n \nBeing a purpose-led business, Robinson specialises in custom packaging with technical and value-added solutions for food and consumer product hygiene, safety, protection, and convenience; going above and beyond to create a...