some of the "defunct" company's staff. This deal secured a reported quarter of a million pound investment from the Welsh Development Agency. Other shareholders included Newmarket (Venture Capital) and Bell Nominees.

GEC acquisition plans and refinancing

During 1983, Torch had been set to be acquired by GEC in a deal that would have initially involved a £3.25 million payment covering the acquisition of 76 percent of the company from its existing shareholders as well as providing

1.Previous
3.Next