25th Jul 2022 13:48
Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Buys Axiom Consulting & Investments Ltd and Ellayaan Ltd, together traded as the London-based property finance brokerage Mantra Capital, for GBP4.5 million. The initial consideration consists of GBP4.0 million in cash and the issue of 352,361 shares. Begbies says the acquisition is expected to be "immediately earnings enhancing", with a potential earnout of up to a further GBP13.5 million over the four years post completion, subject to delivering profit growth. Read More
