Cholet Investments is an AIM-quoted shell company that is seeking to acquire businesses involved in the waste treatment and waste-to-energy sectors.
Cholet wants to acquire a business with access to feedstock and that might have treatment plants processing large volumes of waste. Cholet would also like to supply the resultant feedstock from the treatment plants to customers producing renewable fuels.
Cholet’s board includes Brian Howard who has been involved in the waste and recycling sector for more than 25 years. He has worked for Thames Water, RWE and Cleanaway. He has been involved in researching and negotiating acquisitions in the waste sector through his involvement with Englefield Capital.
Jersey-registered Cholet used to be called The Off-Plan Fund but it is no longer a collective investment company investing in property and it has been turned into a shell. Cholet returned £1.43 million to investors, which left it with around £160,000 in the bank. At that time each share was split into 10 new shares.
12-month high/low: 7.1p/5p
Market cap: £115,000