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Will these reorganisations deliver?

03/03/2023 · Brooks Macdonald (BRK)  · Essensys PLC (ESYS)  · Nichols (NICL) 

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Essensys London office

Results and updates from AIM covered here include news of a reorganisation for a cash consuming technology company which clearly needs to sort itself out. Elsewhere, recovery continues for an elderly soft drinks group which has also undertaken a review of some of its activities, while an asset manager looks in excellent shape. Read on here for this and other news from AIM.


essensys: will it start to deliver?

essensys (AIM:ESYS), the provider of flexible workspace technology, issued a trading update for the 6 months to 31 January 2023.

While the financial highlights suggest that progress is being made, with revenue up 18% in the period to £12.9m, it’s evident they are still struggling to make a positive overall return.

There appears to have been a huge cash outflow over the period, with net cash…

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