News blog

Intellego

  • BY: Andrew Hore |
  • POSTED: 13/05/2010 |

E-learning consultancy Intellego says that sales reached £2m in the year to March 2010.

Intellego is set to grow organically and is in talks with a number of large clients.

Overheads are being reduced by an annualised £300,000. The main subsidiary Intellego Group Ltd is implementing a company voluntary arrangement. It has liabilities of around £1m and the creditors will receive around £400,000 to satisfy these liabilities. 

Intellego has sold its distribution business to NetDimensions Ltd, which subsequently invested £100,000 at 0.3p a share for a 13.7% stake in Intellego. A further £75,000 was raised at the same share price.

The disposal was for an initial payment of £276,000. Another £188,000 is payable on an earn out basis.

At 0.33p a share, Intellego is valued at £790,000.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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 AIMMicro.com. Subscribe to AIM Micro RSS Feeds