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08Oct92 UK: WESTMINSTER'S NEW STRATEGY - SCAFFOLDING.

Westminster Scaffolding has unveiled a re-financing package involving a restructuring of debt, its withdrawal from property development and plans to raise £2.6 million of additional finance.The company has also appointed a new chairman, Michael Pelham, formerly managing director at Conder. The present chairman, Tom Greenham, remains as chief executive.Westminster also reported results for the year ending Last October showing a pre-tax loss of £3.41 million (1990: £82,000 loss) on a turnover down 36 per cent at £8.22 million.