Coronavirus impact:12 May - new arrivals have very different experiences
Companies covered here include several relatively new arrivals to AIM. While many are struggling, the activities of one are perfectly suited to the challenging environment as the corporate world is in need of assistance
Marlowe: hard to assessSpecialist services group Marlowe (LON:MRL), which focuses safety and regulatory compliance, issued a promising update for the year ending 31 March 2020. Revenue grew 44% to £185m, of which organic growth was 7%, with adjusted EBITDA anticipated to be in line with market expectations. Consensus forecasts were for revenue of £181m and adjusted earnings per share of 22.3p. Despite strong cash generation, net debt at 31 March 2020 of £32.4m seems far worse than forecasts of £24m. The Group completed eight acquisitions in the year, broadening its safety and compliance capabilities into both HR and employment law…