When Highbury House Communications, the North London-based publisher of many well-known newsstand magazines, finally limped into administration in early 2006, it had total net debts of £29.5m. Much of this had been ratcheted up by overly ambitious executives who overvalued acquisitions including Paragon Communications and underestimated the potential costs involved in launching new media products. In its terminal stage, one-time Sun editor and media hard man Kelvin Mackenizie took over the helm, allegedly sinking some £1.5m of his own money into the company. But after three months he walked away, admitting defeat. It seemed that this business was a complete 'basket case'.
The company is a provider of Configure, Price, Quote (CPQ) Software as a Service (SaaS) and Data to drive eCommerce. ▸ Long-term framework agreements with key clients. High level of recurring income from contracts. Offers invited.
Specialist engineers providing a range of energy management services including the supply & maintenance of electricity billing meters, energy reports & cost budgeting. Contracted to provide metering services on behalf of a major electricity distribut...
Plumbing & heating engineers offering specialist domestic & commercial services including repairs, breakdown assistance & installation of domestic kitchens, bathrooms & bedrooms, operating from two showrooms. Operates two strategically located showro...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources