Aim broker Rivington Street Corporate Finance’s parent company is buying matched bargains facility operator JP Jenkins Ltd for £15,000.
JPJL has 13 corporate clients the majority of which used to be quoted on Aim. Last year’s revenues were more than £65,000. Rivington Street believes that other Aim and Plus-quoted companies will be interested in moving to the trading facility. It could be more cost effective if there is little trading in the shares.
Rivington Street is also interested in using JPJL as a base from which to build up a private client broking operation. Acquisitions are likely in this area.
Rivington Street appointed Dru Edmonstone as head of corporate broking at the beginning of 2009.
The broker’s parent company, Rivington Street Holdings, is quoted on Plus-quoted.
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