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Adventis
- BY: Andrew Hore |
- POSTED: 12/01/2012 |
- COMMENTS: Add yours
Marketing services provider Adventis has sold another of its subsidiaries and it intends to focus on its technology division.
Adventis is selling the assets of its remaining media buying business Adgenda Media for £506,000, although £200,000 will be paid in monthly instalments over 24 months. Adventis has settled a deferred consideration liability of £306,000. The buyer will take on £845,000 of trading liabilities but this will be partly offset by prepayments of £265,000. Adventis retains debtors of £1.2m but there are also residual creditors of £600,000.
In 2010, Adgenda made a profit of £287,000 on turnover of £4.77m.
At 0.8p a share, Adventis is valued at £390,000.
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