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A specialist in digital imaging with sales of £5.7 million has floated on AIM with a market capitalisation of £2 million.
GrowthBusiness has teamed up with Cass Business School and Grant Thornton to find out how prepared CEOs are for taking their company to AIM when better times return.
Two senior managers at a Manchester-based support services specialist have bought the business.
Two senior managers at a Manchester-based support services specialist have bought the business. The buy-out of ID Support Services (IDSS) was led by founder and chairman Brian Dunn and chief executive David Metcalfe.
The managing director of networking specialist Axial Systems has led a buy-out at the company. Ash Hussain was joined by finance director Graham Linney in buying Axial, which supplies networking systems to the financial services, telecom and public sectors, for an undisclosed sum.
The value of initial public offerings (IPOs) on AIM in the first quarter of this year was £339 million, 70 per cent less than in the same period of 2007. Overall, companies on AIM raised £1.13 billion, 60 per cent less than last year’s £2.815 billion, according to research from advisory firm Grant Thornton.
If UK productivity equalled that of the US, each household would generate an extra £13,000 per year. But most businesses are still failing to capture meaningful data about productivity, according to a study from business advisory firm Grant Thornton.