Wensum Company has signed a deal to sell its clothing factory for GBP1.3m (US$2.4m) after earlier selling its clothing division to concentrate on its corporate business.

At the company's Annual General Meeting, Wensum revealed that it had received a number of written offers for the site in Norwich, and had accepted an offer, subject to contract, of more than GBP1.3m, compared to a year-end book value of GBP665,000.

Wensum announced in May that it had sold its clothing business and certain clothing assets for GBP450,000 to Wensum Tailoring Limited.

The company's corporate division designs and manages corporate clothing projects for companies principally in the travel, retail and leisure sectors.