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The Cambria management team who are looking at the possibility of a management buyout have been given more time to come up with a firm offer for the company.
Last month the Cambria Board said it had consented to CEO Mark Lavery (pictured), finance director James Mullins and motors division MD Tim Duckers exploring the possible acquisition of the shares they do not currently own a at price of 80 pence in cash per Cambria share.
In accordance with Stock Market rules, they had to announce a firm intention to make an offer or not by 19 April.
Discussions between the parties are ongoing but now the deadline has been extended by 28 days to 17 May.
There can be no certainty that an offer will be made. A further announcement will be made when appropriate.