Business As Usual At A&P Birkenhead

Thursday, October 07, 2004
A&P Birkenhead Limited and Reddington Finance Limited have reached an outline agreement for the sale and leaseback of some of A&Pā€™s land at Birkenhead. A&P Birkenhead retains ownership of the drydocks, but some surplus land will be sold to Reddington Finance. This is a positive development, as it allows A&P to focus on their ship repair business and allows Reddington Finance to focus on developing surplus land at Birkenhead. Clive Towl, Managing Director of A&P Birkenhead commented ā€œ2004 has been the busiest since we re-opened the yard after the receivership of Cammell Laird. We look forward to continuing to grow the business in 2005.ā€

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