Hydrodec sells Knowsley office premises in 0.7m deal

Hydrodec Group’s UK subsidiary has completed the disposal of its Knowsley office premises, plant and associated assets in the UK to Mulberry Waste for around £685,000 in cash.

Operationally, Hydrodec UK has two transfer stations in the North West of England and in the future oil collection operations will be based out of its Manchester transfer station.

In addition, as part of the disposal, Hydrodec UK has entered into a commercial arrangement with Mulberry for it to process workshop waste on behalf of Hydrodec UK.

Chief executive Ian Smale said: “Hydrodec UK has responded, and continues to respond to, and operate in, a tough trading environment.”

At 1333 BST, Hydrodec shares were up 1.4% at 7.10p.