Surplus Property Update

Robinson

19/03/2026 07:00

RNS Number : 2149X

Robinson PLC

19 March 2026

 

 

Robinson plc                                                         

19 March 2026

 

SURPLUS PROPERTY UPDATE

 

Robinson plc ("Robinson", the "Company" or the "Group"; stock code: RBN), the custom manufacturer of plastic and paperboard packaging, is pleased to provide an update on the status of the divestment of the Company's surplus properties.

 

In line with our Surplus Property Update on 7 August 2025, the Company is pleased to announce the completion of the sale of c.1.3 acres of the Walton Works surplus property. Contracts were exchanged on 13 August 2023 and following satisfactory completion of the necessary conditions, including receipt of full planning approval, completion took place on 18 March 2026. The gross consideration payable was previously anticipated to be £1,029,000 with expected costs of £429,000. The final costs of £412,335 will be borne by the buyer, therefore, the consideration payable at completion was £616,665, which will be used to reduce current bank debt. The majority of the property was vacant with a small part periodically let to third parties on short term tenancies. The property attracted rental income of £7,000 during 2025 and the book value was £540,000 at 31 December 2025. 

 

The intention of the Group remains, over time, to realise value from the disposal of surplus properties and use the proceeds to reduce indebtedness and develop our packaging business.

 

For further information, please contact:

 

Robinson plc
www.robinsonpackaging.com
John Melia, CEO
Mike Cusick, CFO
Tel: 01246 389280
Cavendish Capital Markets Limited
Ed Frisby / Seamus Fricker, Corporate Finance
Ella Bedford, Corporate Broking
Tel:020 7220 0500

 

About Robinson:

 

Being a purpose-led business, Robinson specialises in custom packaging with technical and value-added solutions for food and consumer product hygiene, safety, protection, and convenience; going above and beyond to create a sustainable future for our people and our planet. Its main activity is in injection and blow moulded plastic packaging and rigid paperboard luxury packaging, operating within the Food, Homecare, Personal care, and Luxury gift sectors. Robinson provides products and services to major players in the fast-moving consumer goods market including Bakkavor, British Pepper & Spice, McBride, Persan, Procter & Gamble and Unilever.

 

Headquartered in Chesterfield, UK, Robinson has plants in the UK, Poland and Denmark. Robinson was formerly a family business with its origins dating back to 1839, currently employing nearly 400 people. The Group has an ongoing disposal programme for its substantial surplus property portfolio with development potential.

 

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