Vulcan Industries, a recognised player in the industrial sector, is making the headlines as they have disposed of their entire share capital in Aftech Limited. Specializing in sheet metal fabrication with focus on laser cutting, bending and forming, Aftech found themselves in a murky patch during the second half of the trading year ending 31st March 2025. A consequent review of Aftech’s working capital requirements to bring the company back into profit revealed that such a move may instead lead to continued cash outflows. In an attempt to mitigate these potential losses, Vulcan Industries has disposed of the business.
CapAI Plc, a prominent member of the FTSE 250, concluded its Annual General Meeting (AGM) on a high note, with all proposed resolutions passed with fervent support. The resolutions included the acknowledgment and adoption of the company’s annual accounts for the financial year that ended in September 2024, the approval of the executives’ remuneration report and policy, the reapportionment of the main company directors, and the appointment of a new company auditor. The meeting took place at the luxurious offices of Peterhouse Capital in London’s financial heartland.