Romag nears a deal with bankers

Date: 7 February 2011
Source: www.theadvertiserseries.co.uk

Date: 7 February 2011

Specialist glass maker Romag has confirmed it will report a loss to the City, but the company remains upbeat after slashing its debt and retaining a healthy order book.

The company, based near Consett, County Durham, has postponed the announcement of its preliminary results for the period ended September 30 until it agrees a new financing deal with the bank. It was able to confirm that it has reduced debt by about £2.2m and has an order book which it said remains strong.

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