Findel, the troubled home shopping and educational supplies group, has put its healthcare goods business up for sale to help reduce debt by £100m by 2011.
The company has appointed KPMG to sell Nottingham Rehab Supplies, which provides products to local authorities, the NHS, and independent healthcare firms, so it can focus on its core activities. NRS profits last year were £3.1m up 66% from 2007 where £53m.
The division created in 1947, offers a range of 3,500 products. Last month Findel closed its Cotswold Company with a loss of 60 jobs and debts of £17.6m. Findel had a turnover of £634m last year with total debts of £387m.
