Pennant has announced the successful completion of its property disposal programme, with the sale-and-leaseback of the final two freehold units at Staverton for £1.125m. This takes total proceeds from the programme to £3.2m, which will be used to reduce the overdraft, strengthen the balance sheet and provide financial flexibility. The conclusion of the UK Government’s defence spending review earlier in the year as well as the NATO drive to reach 3.5% of GDP on core defence spending provides a hi ....
