Tooru plc (LSE:TOO) has agreed to sell its wholly owned subsidiary Market Rocket Limited to the subsidiary’s management team for £1 as the group focuses its resources on its health and wellness brands.

Market Rocket is a specialist digital sales and marketing agency and is considered a non-core operation by Tooru’s board.

The transaction will remove approximately £343,000 of external liabilities from the group and clear intercompany balances between Market Rocket and Tooru.

Market Rocket reported £87,000 profit after tax

Market Rocket recorded a profit after tax of £87,000 and had negative net assets of £233,000 as of 31 December 2025.

Despite the subsidiary’s reported profit, Tooru has classified the business as non-core to its current strategy.

The board said the disposal will allow the group to direct its resources towards its principal wellness brands.

Disposal constitutes related-party transaction

As Market Rocket is being acquired by members of its management team, the disposal constitutes a related-party transaction.

Tooru’s independent directors, having consulted with the company’s adviser Beaumont Cornish, consider the terms of the transaction fair and reasonable for shareholders.

The sale consideration is £1, while the transaction will also result in the removal of Market Rocket’s approximately £343,000 of external liabilities and the settlement of intercompany balances.

Tooru focuses on health and wellness brands

Tooru plc is an AIM-listed company operating in the branded health and wellness sector.

The group’s strategy is focused on developing its consumer wellness brands and allocating resources to its core operations rather than ancillary service businesses.