Ultraframe..losses again and the company out of the frame.

hybrasil,

interesting, as I was working at 13p NTA (say £13m) and taking off £3m for ongoing legal mess, paying NMR for their services and closure costs (either UK or USA).
Leaving about £10m.

Since a lot of chancers are clearly keen to pinch their designs and IP, the stock and WIP are obviously valuable!
But it's an inherent weakness if a business model is so prone to piracy as this one. The building trade has more cowboys than Wyoming!
No pension deficit problems, notice.

Will watch with interest.