As part of the continuing restructuring of AHL’s portfolio of the business and assets of Wales & MacKinlay Limited (WML) were sold in June 2008. WML is an importer and distributor of commercial textiles. It had become a non core investment, principally because its small size meant it was no longer economic for management under AHL’s control.

The business and assets of Radiola Corporation Limited (RCL) were sold late in May 2008.  RCL is an importer and distributor of consumer electronic products. The business sale has provided for a major positive capital restructuring of the AHL group. AHL anticipates one or two further business sales later in 2008 as we move to complete the process of divesting subsidiary businesses that are no longer considered core investments.