31. Subsequent events

The Shareholders are undertaking a review of the Group’s assets (excluding land) to assess their potential value for disposal purposes. At the date of signing the accounts, no decision had been taken in relation to this initiative.

Subsequent to year end the Group successfully refinanced its banking facilities for a period of 5 years.

On 3 May 2012 the Group announced a voluntary parting / early retirement scheme. No provision has been made for this in 2011.