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Motive Television

  • BY: Andrew Hore |
  • POSTED: 03/04/2008 |

Motive TV more than doubled its revenues in 2007.

Turnover increased 136% to £3.14m and lost £596,000. That growth in turnover is split between acquisitions and organic growth.

Motive owns five TV production companies and had just over £1m in the bank at the end of 2007.

Chief executive Mick Pilsworth intends to acquire more businesses. There could be another couple of businesses added to the group before the end of the year. They could either be acquired or start-ups, like Rumble TV which became part of the group this year. 

Pilsworth is keen to build up a group of 10 to 20 production companies. He expects to make more small acquisitions but doesn’t rule out a larger one if a suitable candidate is found. He says that it would cost £300,000 to do a reverse takeover so the business would need to be a significant size.

Pilsworth won’t pay more than eight times EBITDA for an acquisition. Other consolidators have been paying much more than that but the prices are likely to become more realistic again.

Motive needs to increase its turnover to around £20m in order to move into profit.

The shares fell 0.08p to 1p. 

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