Machine guns manufacturer Manroy joined Aim on 22 December following the reversal of Manroy Systems into Hurlingham, a cash shell that had lost its Aim quotation. Hurlingham lost its Aim quotation at the end of September 2009 because it had not found a new business after it sold its hotel operations. It had £1.68m in the bank at the end of March 2010. Hurlingham paid £3.1m in cash and shares for Manroy Systems and the original shareholders were left with just over 22% of the enlarged company. The enlarged group raised £6m (£5.2m net) at 75p a share and it was valued at £9.7m.