CEPS to take hit from Milano Pro-Sport liquidation.
CEPS said on Monday Milano International, trading as leotard designer and manufacturer Milano Pro-Sport, was being placed into creditors’ voluntary liquidation after its board concluded the business was no longer commercially viable.
CEPS
06 July 2026 15:14:18
Source: Sharecast
Moorfields Advisory has been instructed to assist with the process and invite offers for Milano’s assets.
CEPS said the liquidation was expected to lead Friedman's to write off about £600,000 of intercompany balances owed by Milano, while CEPS expects to increase a provision against £2.1m of loan notes by about £400,000.
The remaining £264,000 goodwill balance for Milano will also be fully impaired in CEPS’s consolidated interim accounts.
At 1313 BST, shares in CEPS were down 8.05% at 40p.
Reporting by Josh White for Sharecast.com.
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