VANTIS TENON: now its Administrators acquiring Administrators
RSM Tenon, the fully listed accounting and businesses services group, has been quick to take advantage of the demise of Vantis, which fell into administration yesterday (as we anticipated!), by snapping up certain business and assets of Vantis for a cash consideration of up to £6.8 million, from the administrators of Vantis.
The assets acquired comprise the trade and assets of three of Vantis Business and Advisory offices, the Thames Valley Recovery practice and the trade and assets of Vantis Financial Management business i.e. all the best bits!
The initial consideration is only £5.7m in cash on completion, with £1.1m deferred subject tothe realisation of certain debtors acquired. They estimate a further 3.6m will incurred integrating everything into RSM Tenon, which sounds somewhat over prudent and the…
Sign up and read the full article
Register to continue reading our content.
Get FREE access now
Already a member? Login
Previous article
Next article
More on Tenon Group
30/06/2010 · Company Insights
RSM Tenon, the fully listed accounting and businesses services group, has been quick to take advantage…
24/03/2009 · Smallcap Review
H&T GROUP benefits from the rising gold price, wave power pioneer OCEAN POWER TECHNOLOGIES trades at…
More on Vantis
30/06/2010 · Company Insights
RSM Tenon, the fully listed accounting and businesses services group, has been quick to take advantage…
18/06/2010 · Smallcap Review
Lamprell (LAM) grows on the back of renewables, the situation with Vantis (AIM:VTS) is just as…
More Company Insights
Elderly companies growth struggles while the vets find joy down-under
New CEO to drive this highly innovative business
Our assessment of results highlights some questionable businesses
More on Tenon Group
More on Vantis
More Company Insights