News blog

Hot Tuna International

  • BY: Andrew Hore |
  • POSTED: 14/11/2011 |

Hot Tuna International is selling the eponymous surf wear brand and turning itself into a shell.

Revenues for the year to June 2011 are in line with expectations but cost control has helped to make the loss lower than expected.

Sales in the past four months are 65% higher than the same time last year and gross margins is improving.  Overheads are higher. However, current trading is still below budget. This has sparked the decision to sell the business. It will be difficult to raise yet more cash from existing shareholders in order to fund marketing.

Once a sale is made the board will resign, with the exception of Marcus Yeoman. Another director will be appointed and a new investing strategy announced.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Oracle Power

Lignite coal mine and power plant developer Oracle Power has raised £500,000 at 0.425p a share. 

Continue reading... | 22/02/2019

LiDCO Group

Changing to a SaaS model has held back revenues at patient monitoring equipment supplier LiDCO Group. 

Continue reading... | 20/02/2019

HML Holdings

Property manager HML Holdings is making the immediately earnings enhancing acquisition of a rival London-based lettings manager. 

Continue reading... | 19/02/2019


Ironveld has raised £1.1m at 1.75p a share.

Continue reading... | 19/02/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds