Wednesday 27th April 2005

CEO Sean Tracey & friends*

	Print
	Email
	Text size
	Comment

Your email address:
Friend's email address:

Powerleague shoots for AIM

Five-a-side soccer centres business Powerleague, which is bossed by ex-Spurs chief executive and turnaround specialist Claude Littner, plans to list on AIM in late May.

The company is planning to raise £12.5 million, with the help of Evolution Securities, to repay debt and £2.6 million of preference shares, fund further growth and attract sponsors.

However, the company, which already boasts high profile sponsorship deals with Xbox and Nike, has a hard act to follow. Rival venture Goals Soccer Centres has already seen its market value double since floating in December.

Powerleague was formed in December 1999 following the merger of two 3i investee companies. Littner, who joined as chairman in the summer of 2001, led a management buyout from 3i two years later. Under his guidance, the firm has flourished, with profits for the year to June 2004 striking £2.4 million, off a top line of £15.3 million.

For further information visit:

• www.powerleague.co.uk

*Image courtesy of VisMedia

There are currently no comments on this post.

Related Articles

• Tough times for small companies, says Unicorn
• Chinese VC in London float
• Close Ventures MD sees silver lining to recession
• ValiRx reverses into Azure Holdings
• Share options remain in vogue for AIM

People who read this article also read ...

• North Sea group in £7m AIM launch
• Ubiquity to make AIM connection
• Hermes goes for The Works
• Greenkote AIMs for growth
• UTEK takes AIM

Related sections

Interesting links

• The AIM Guide 2008 - the Spring guide of every AIM listed company
• Cash Shells on AIM provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape.
• New Issues on AIM 2007/08 research report - find out which international companies have floated and which sectors are dominating
• Businessxl magazine for entrepreneurs of fast-growth companies
• Corporate Hospitality Packages - ViewLondon.co.uk corporate hospitality packages cover rugby, music concerts, festivals, tennis matches and many more.
• VCT special research report - an in-depth analysis of the VCT sector
• Middle East and Beyond on AIM 2008 - a closer look into AIM companies from the Middle East and surrounding regions
• Spotlight on AIM 2008 research report – find out the best and worst performing stocks of last year
• Director's Salaries on AIM 2007 research report - a detailed look at directors' average remuneration
• FT Guide to Personal Tax - advice to completing your tax return
• MandAdeals.co.uk - covering latest mergers and acquisitions
• Aimguide.co.uk - guide to the Alternative Investment market