Romag solar panel and glass maker goes bust

On the 4th of April, Romag holdings listed on the AIM or alternative investment went into liquidation. Shares in the company had been suspended, but the doors were finally shut after Lloyds would no longer fund the company, despite having a strong order book. One of the directors was said to have invested £4M of his own money to keep the company afloat and this is what has been responsible for the share suspension.

This is a real shame, that a British manufacturer steeped in history has shut up shop. Assets have been divested to Gentoo and it looks like shareholders are left out in the cold, getting in line behind everyone else.

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