RNS Number : 5358F
NeutraHealth Plc
10 October 2008
10 October 2008
NEUTRAHEALTH PLC ("the Company")
OPERATIONAL CONSOLIDATION
NeutraHealth plc, one of the leading UK vitamins & supplements companies, announces that
it is improving efficiency and reducing
overheads by relocating all of its Bristol based operations to Swadlincote, Derbyshire.
Consolidation
Brunel Healthcare, a subsidiary of NeutraHealth, has distributed from two sites since
NeutraHealth acquired operations at Swadlincote in
June 2008. This structure, with duplicated warehouse and support costs, has been under review
since acquisition. The decision has now been
made to consolidate the two into one operation based entirely in Swadlincote. Remaining
Bristol based administrative and operational
functions will be transferred to the larger Swadlincote facility by the end of the year.
This will allow the Company to reduce overheads as the multiple retail division focuses on
delivering its organic growth strategy within
this key sales channel. The board further anticipates that the move will result in cost
savings of more than £0.5million in 2009.
The Company is trading in line with current market expectations.
Ray Myers, Chief Executive, commented:
"This consolidation will make the Company more effective in delivering service, quality
and innovation to customers, while reducing
overheads. This operating structure is more suitable for achieving future growth and is more
appropriate for the continuing profitability of
the Group."
For more information:
Further information for investors is available on the Company's website at
www.neutrahealthplc.com/
NeutraHealth plc
Michael Toxvaerd, Deputy Chairman 07730 581 584
Ray Myers, Chief Executive 07768 940 630
Robin Hilton, Finance Director 07738 018 411
Cenkos (Nominated Adviser and Broker)
Stephen Keys 020 7397 8900
Pelham Public Relations
James Henderson 020 7743 6672
Kate Catchpole 020 7743 6678
This information is provided by RNS
The company news service from the London Stock Exchange
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