Ten Alps sells Grove House Publishing for £50,000

Ten Alps, trading as Zinc Media, has sold its subsidiary, Grove House Publishing (GHP) for £50,000.

The multimedia content producer has sold its food, agriculture and animal medicines publisher and event organiser business as part of the company’s restructuring of its publishing business.

Ten Alps will retain the debtor book and cash in the subsidiary subject to various completion adjustments.

GHP had revenue of £1m for the year ended 30 June 2015 and a profit before tax of £30,000. Proceeds from the sale will go towards the general working requirements of Ten Alps.