Park Row Group plc, formerly known as Birchin International, announced today that it is planning the disposal of all its non-core assets as a result of its repositioning.
Some assets will be disposed of by the end of this year.
Birchin International acquired the business of Park Row Group Ltd in May 2002 and subsequently changed its name to Park Row Group.
As a result of the merger with Park Row it is now well-placed to move away from its historical asset base and focus on developing a national IFA distribution business, it said.
Chairman Colyn Gardner said: "Park Row is well positioned to take advantage of changing conditions in the IFA sector and this will form the core strategic activity of the group for the foreseeable future."
He added that he remains confident that the company's strategic focus on developing its IFA franchise, coupled with its asset disposal programme, is in the best interests of shareholders in the medium term.
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