Claims Direct announced today that it has sold Sailpool Ltd, a non-trading subsidiary. It has sold it to an undisclosed party for £1.65m cash after costs.
Claims Direct chief executive Ronnie Henderson commented: "We are delighted to complete the sale of Sailpool and the injection of cash will be used as working capital for a number of ongoing projects."
The net asset value of Sailpool at the date of sale was nil.
