Companies

Hertford International Group

Overview

Otium Ventures is a shell that was previously known as Hertford International Group, which was a pre-paid debit cards marketing company but it could not make the business work. It acquired cheque cashing business Cheque Exchange Ltd from Provident Financial for what was supposed to be £3m in January 2009. However, Hertford could not afford to pay the deferred consideration and Provident took back control of the business on 1 November 2009. In 2010, a Company Voluntary Arrangement paid Hertford's unsecured creditors 2p in the pound. Hertford raised £2m (£1.67m net) at 20p a share when it floated on Aim on 24 December 2007. That valued the company at £8.53m. Otium is apparently Latin for leisure or ease.

Sector: Financial

News blog

• Otium Ventures Posted: 16/05/2011
• Otium Ventures / Hertford International Group Posted: 17/10/2010
• Otium Ventures / Hertford International Group Posted: 23/08/2010
• Otium Ventures / Hertford International Group Posted: 04/07/2010
• Hertford International Group / Otium Ventures Posted: 20/05/2010
• Hertford International Group Posted: 26/04/2010
• Hertford International Group Posted: 07/04/2010
• Hertford International Group Posted: 19/03/2010
• Hertford International Group Posted: 18/12/2009
• Hertford International Group Posted: 05/11/2009
• Hertford International Group Posted: 04/06/2009
• Hertford International Group Posted: 23/11/2008
• Hertford International Posted: 22/01/2008
• Hertford International Group Posted: 31/12/2007

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