Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Nektan sells UK B2C business for £200,000

Nektan sells UK B2C business for £200,000

Wed, 08 Jan 2020 | DIVISION SALE



Online gaming platform operator Nektan Plc has announced that its administrators PCR London LLC have sold its UK B2C business to Grace Media for £200,000.

The sale forms part of Nektan’s wider restructuring and comes after the appointment of Mark Phillips and Julia Swan of PCR London as administrators earlier in the week.

The most recent audited accounts of Nektan’s UK B2C business date from the year ending June 2018 and show the business delivering turnover of £19.4 million and making a loss.

Additionally, Nektan has entered into a B2B partnership with Grace Media, which is part of the Active Win Group, in order to facilitate continued service delivery to its existing UK B2C white label partners, with Nektan receiving ongoing monthly royalties from Grace Media.

Nektan has said that the sale will have no operational impact on it or on any of its subsidiaries, which will continue trading as normal. It also said that the sale and restructuring would allow it to target emerging markets with a stronger balance sheet.

Nektan Interim Chief Executive Gary Shaw described the deal as “very reassuring to all stakeholders involved” and added: "We look forward to working in partnership through the business-to-business relationship with the buyer as they take the business forward."

Active Win Group Chief Executive Warren Jacobs said: "The opportunity to acquire the UK B2C business allows Active Win Group to expand further into the UK online casino market, furthering our growth in this market from being a white label operator ourselves, to working with the full complement of business partners established by Nektan in recent years.”


Share this article



Latest Businesses for Sale

Designer Of Luxury MPV Interiors
South of England, UK Wide

Turnover and profit has continued to increase during the ongoing Covid-19 pandemic, demonstrating huge potential for expansion. Highly reputable business operating for over six years. Specialises in the design of high-quality, luxury MPV interiors. M...

Asking Price: Offers Invited
Turnover: £3,600,000

LEASEHOLD


Importer & Distributor of Organic Skincare Products
UK Wide

Manufacturer importer & distributor of organic cosmetic skincare & body care products & ingredients. Sources key products including shea butter from exclusive suppliers throughout the world.

Asking Price: Offers Invited
Turnover: £350,000

Tour Operator with Dominant Online Position
UK Wide

Established online and call-centre based tour operator and travel agent offering short breaks that combine hotel rail theatre and attraction options across the UK. The company benefits from an enviable industry reputation underpinned in its B2C sales...

Asking Price: Offers Invited
Turnover: £7,500,000


View more businesses for sale

News Search

Latest News

 
15
 
Jan
 

Buyer sought for portfolio of pubs | BUSINESS SALE

Five pubs that formerly operated under the Authentic Alehous...

 
14
 
Jan
 

Acquisitive RSK Group completes trio of deals | BUSINESS SALE

Cheshire-based technical services consultancy RSK Group has ...

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.