HC Deb 09 April 1984 vol 58 c19W
Dr. Godman

asked the Secretary of State for Trade and Industry what proportion of the sum of £12 million paid by Trafalgar House for the acquisition of Scott Lithgow was attributable to the value of the site.

Mr. Butcher

£12 million was the consideration paid by Trafalgar House for Scott Lithgow Limited, after reconstruction of its balance sheet. Within that reconstruction a value of £8 million was attributed to the fixed assets of the company, including the site, funded by a loan of £8 million from BS, deferred for three years.

37. Mr. Milan

asked the Secretary of State for Trade and Industry how much of the £88 million cash cost in 1983–84 of the sale of Scott Lithgow was represented by payments to the new owners.

Mr. Butcher

[pursuant to the reply 6 April 1984, c. 670]: No payment was made directly to Scott Lithgow's new owners. £82 million was paid to Scott Lithgow.