- Staffing specialist Empresaria has sold Bar 2 to Procap Services for an up-front payment of £100,000 with a further £660,000 in cash contingent on performance.

Empresaria says its portfolio of companies is primarily a staffing group focused on international emerging staffing markets and Bar 2 no longer fitted that strategy.

Empresaria says that following this transaction, it no longer operates any UK based business providing umbrella payroll services.

Bar 2 generated revenue of £1.6m and profit before tax of £0.2m in the year to the end of December 2012. Net assets at 31 December were £0.1m.

At 1:57pm: [LON:EMR] Empresaria Group share price was 0p at 34.5p

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