News blog

Universe Group

  • BY: Andrew Hore |
  • POSTED: 04/11/2013 |

Payment and loyalty systems supplier Universe Group has acquired the trade and assets of Retail Service Team Ltd (RST) for £150,000. 

The book value of the assets is £120,000. RST is a retail-focused electronic point of sale software business. In four years RST built up its revenues to £4.1m and made a £240,000 profit. However, in 2013, revenues are likely to £3m and any profit is likely to be modest. Recurring revenues are £1m. The business should make a positive contribution in 2014.

The acquisition will grow Universe’s exposure to the retail market and lower the dependence on the petrol forecourt market. The deal also brings 40 staff and a Newmarket property. Universe continues to seek further add-on acquisitions.

Universe is expected to report flat pre-tax profit of £1.1m this year, rising to £1.8m in 2014. This assumes that the acquisition contributes revenues of £2.5m. This could prove conservative.

At 8p a share, up 0.63p, Universe is valued at £18.3m. The shares are trading on ten times prospective 2014 earnings.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2013_49.pdf

© 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 This material may not be published, broadcast, rewritten or redistributed.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