Recent Projects

Management Buyout Logo
Recruitment Management Buyout Lead Adviser
Moore Kingston Smith has advised on the acquisition of Prospectus in a management buyout. Prospectus is a specialist recruitment consultancy and recruitment advertising and design agency working exclusively with the beyond-profit sector.

With assistance from Marc Fecher and Kat Stone from the Moore Kingston Smith Corporate Finance team, the management team at Prospectus bought the company from the existing shareholder with backing from Santander. The selling shareholder, David Gold, has retained an interest in the business and will work as a consultant going forward.

Marc and Kat, supported by Moore Kingston Smith’s specialist corporate tax team, provided assistance with structuring the transaction, capital fundraising, valuing the business and negotiating the deal between the sellers and the new owners.

This is the second time Prospectus enlisted the help of Moore Kingston Smith, having received advice from our team on their original MBO in 2014. Prospectus appointed us to advise on this recent transaction because of our extensive experience in working with organisations in the not-for-profit and recruitment sectors.

Peter Beeby, CEO at Prospectus said: “Marc & Kat truly understood the importance of ensuring this transaction had no impact on our relationships and the unique culture we have here at Prospectus. The team provided invaluable advice, guidance and support particularly in respect of raising capital and structuring the deal.”

Marc added: “As a values-driven organisation, it was crucial that the culture and ethos remained in place after the change in ownership, and we’re delighted that this has been achieved. Prospectus is a great business and we’re pleased to have helped the management team complete this transaction. We wish them the very best for the future.”

Prospectus is a leading recruitment specialist in the beyond-profit sector, connecting candidates and organisations across the globe. The agency’s clients include some of the most widely-known not-for-profit organisations.

If you are considering a sale or acquisition, please contact us to find out how we can help you.
Sale of HegartyMaths to Sparx Logo
Education Technology Sale of HegartyMaths to Sparx Lead Adviser
Moore Kingston Smith advised on the sale of HegartyMaths, a maths homework software solution, to Sparx, also a maths homework solution that reduces administration for teachers and allows them to spend more time on effective teaching.

After working with our general practice and outsourcing teams since 2017, HegartyMaths were already aware of the high quality service provided by Moore Kingston Smith. They therefore didn’t hesitate to bring our corporate finance specialists, Paul Winterflood and George Hatswell, and M&A tax specialists Mark Fielden and Tom Acland, into the fold to advise them on this deal. Our team helped to steer the transaction and advise the owners to secure a successful sale to Sparx.

The acquisition sees HegartyMaths become part of the Sparx family. By joining forces, the two award-wining companies hope to increase their reach to over 1 million users in over 1,300 schools, transforming maths education for more teachers and learners.

Colin Hegarty, founder of HegartyMaths, said: “Joining forces with Sparx is a great opportunity to take HegartyMaths to the next level, allowing us to focus on increasing our impact, and I’m very excited to start this new chapter in our journey. The team at Moore Kingston Smith were fantastic to work with on this project and led from the front on what was a very tight time deadline. Not only did I enjoy working with the Moore Kingston Smith team but found their lines of communications with me throughout the entire project outstanding. At all times I felt comforted to know they were managing the process.”

Paul Winterflood, Moore Kingston Smith Corporate Finance director, added: ‘’It was a real pleasure working with Colin and Brian. Their goal to improve maths education will impact more and more children now that HegartyMaths and Sparx have joined forces.”

HegartyMaths was founded in 2015 and provides maths education solutions covering Key Stage 3 and GCSE.

If your organisation is considering a sale or acquisition, please contact us to find out how we can help you.
Sale of Flagship Consulting to Selbey Anderson Logo
Marketing Services Sale of Flagship Consulting to Selbey Anderson Lead Adviser
Moore Kingston Smith Corporate Finance has advised on the sale of PR agency, Flagship Consulting, to investor in fast-growing boutique agencies, Selbey Anderson.

Flagship Consulting provides integrated marketing services to the financial and professional services, technology and travel sectors. Co-founders Jackie Murphy and Diana Soltmann, who established the agency over 30 years ago, will take on consultancy roles at Flagship and deputy managing director Mark Pinnes becomes managing director.

The acquisition is Selbey Anderson’s fourth since its inception in December 2018. The transaction brings on board the immeasurable skills, attributes and cultural values of Flagship Consulting, which are a great addition to the agency’s existing talent pool and enable it to provide more services to its clients.

Moore Kingston Smith had worked with Flagship Consulting for a number of years, so were very aware of the agency’s ambitions and values. The founders therefore had no hesitation in appointing the Moore Kingston Smith Corporate Finance team who, led by Mandy Merron and Paul Winterflood, helped to secure a successful sale.

Jackie said: “Selling one’s business is stressful – in addition to the finer details of the financial transaction, there are endless questions about the due diligence, the structure of the transaction and what happens now. At every step of the way, we have been supported by the Moore Kingston Smith team, who often went above and beyond to help us get a deal done quickly. Many thanks for making things easy to understand and being there to answer all our questions.”

Mandy Merron, Corporate Finance partner, added: ‘’It was a great pleasure to work with Jackie and Diana. Flagship and Selbey Anderson are a great fit. We think the future is very exciting for the ambitious group.”

If your agency is considering a sale or acquisition, please contact us to find out how we can help you.
Sale of Grand Visual to Talon Logo
Creative Services for Digital OOH Sale of Grand Visual to Talon Lead Adviser
Moore Kingston Smith Corporate Finance has advised on the sale of market-leading digital out-of-home (OOH) creative services specialist Grand Visual and its digital OOH adtech provider QDOT to global OOH media agency Talon.

The strategic acquisition enables Talon to further enhance its abilities across the US and to manage the increased demand for dynamic utilisation of the digital landscape as the OOH industry evolves.
Grand Visual and QDOT employ 48 people globally in London, New York and a development hub in Montevideo, Uruguay. Both companies will continue to run with their existing management structure, led by founder and chief executive Neil Morris, Grand Visual managing director Dan Dawson and QDOT managing director Ben Putland.

Grand Visual will retain its identity and continue to work autonomously with agencies, media owners and brand teams, including Warner Brothers, Amazon Studios, Netflix and Spotify.

Moore Kingston Smith Corporate Finance was appointed by the Grand Visual shareholders to advise them on the transaction. The team, led by Nicola Horton and Kat Stone helped to secure a successful sale that will allow Grand Visual and QDOT to integrate with Talon’s complementary services to facilitate scale at an even faster pace.

Neil Morris, Grand Visual chief executive said: ‘’Nicola Horton and the MKS team provided pragmatic advice and guidance through the whole process. No doubt all transactions can be stressful and their calm approach was hugely beneficial to our team as we worked through the multiple strands of activity. I am very glad that they were by our side offering the expert support we needed to complete the deal.”

Nicola Horton, corporate finance principal, added: ‘’It has been an absolute pleasure working with Neil and his colleagues on this deal. Together, Grand Visual and QDOT have a unique proposition – marry that with Talon’s complementary services, scale and reach, and the future looks extremely bright for both parties.”

If your agency is considering a sale or acquisition, please contact us to find out how we can help you.
Acquisition of Control Esc Logo
IT Solutions Acquisition of Control Esc Financial & Taxation Due Diligence
Prime Networks engaged our corporate finance team to provide financial and taxation due diligence on the potential acquisition of Control Esc, an IT managed services provider specialising in IT services, hosted telephony and connectivity.

Our team liaised directly with the corporate finance advisers appointed by Control Esc to gain a detailed understanding of their business and how it operates. We were then able to compile detailed financial and taxation reports that focused on the key areas Prime Networks had identified as important to them in the transaction.

Mark Simons, managing director of Prime Networks, commented: ’Nick and his team were very supportive throughout the acquisition and proved very knowledgeable when advice was required. The reports produced were of a high standard and provided invaluable insight into the business before we completed the transaction.’’

Nick Thompson, partner in the corporate finance team, said: “It’s always a pleasure supporting passionate entrepreneurs grow their business and I wish Prime Networks and Control Esc the best of luck following this exciting acquisition.”

Please contact us to find out how we can help you.
Acquisition of Showcard Print Ltd Logo
Marketing Services Acquisition of Showcard Print Ltd Financial & Taxation Due Diligence
Writtle Holdings was considering the acquisition of Showcard Print, a digital printing company specialising in point of sale advertising material. They engaged our corporate finance team to provide financial and taxation due diligence on the transaction, having previously sought our advice on their acquisition of Loewy Group.

Our team liaised with the directors of Showcard Print to gain a detailed understanding of the business. This included finding out how it operated internally and how it was being affected by the external trading environment. Our team used this knowledge to compile in-depth reports that focused on areas most important to Writtle in relation to both the business and the transaction. Notably, this included a recent restructuring project.

Matt Gilmore, finance director at Writtle Holdings, commented: “Both the tax and financial due diligence reports prepared by Kingston Smith were extremely thorough and well received, enabling us to focus on specific points raised during the latter stages of negotiation.”

Nick Thompson, partner in our corporate finance team, said: “It was a pleasure working with both the Writtle and Showcard teams on this exciting acquisition. We wish them both the best of luck in the future.”

The acquisition was through Magnet Harlequin Group, a Writtle Group company, with the aim of extending its range of services in the UK. It will help the group accelerate its ambition to provide the fastest and most cost-effective end-to-end route to market in the sector.

To find out how we can help you, please contact us.
Sale of The Village School to Chatsworth Schools Logo
Education Sale of The Village School to Chatsworth Schools Lead Adviser
Moore Kingston Smith Corporate Finance has advised Carol Gay, the owner of The Village School, an independent girls’ preparatory school based in North London, on its sale to Chatsworth Schools. Carol has owned and acted as headmistress of this Ofsted “outstanding”-rated school for over 20 years and was keen to see it pass into the ownership of a team which shared her values. Chatsworth Schools, run by Anita Gleave, fitted the bill perfectly.

We helped Carol throughout the process, from identifying potential buyers and running the negotiations to managing the due diligence process and advising on closing mechanics through to completion. We collaborated with our audit, accountancy and payroll teams to ensure no stones were left unturned.

We worked closely with Carol to understand her goals and expectations and, out of a number of interested parties, Chatsworth was identified as the partner which most closely shared her vision for the future. Carol’s lawyers ensured the legal documentation properly reflected the financial terms agreed and, together with us, saw to it that all industry and commercial aspects were addressed. Some topical aspects included managing the process for obtaining Department of Education permission for change of ownership and complying with TUPE regulations.

Chatsworth Schools are backed by Synova Capital, a leading private equity firm, and were keen to bring The Village School under their wing to help them achieve their ambition of building a group of highly rated schools.

Carol said: “The services provided by the Moore Kingston Smith team were invaluable. It wasn’t always straightforward but Moore Kingston Smith and our lawyers, Steinfeld Law, expertly managed the process. I am extremely happy knowing that the school’s reputation will remain intact within the Chatsworth Schools group.’’

John Cowie, partner at Moore Kingston Smith, commented: “It has been an absolute pleasure working with Carol and her lawyers. It can be quite an emotional time saying goodbye to a life’s work but we’re happy for Carol that Chatsworth shares her values and will maintain The Village School’s reputation for years to come.”

To find out how we can help you, please contact us.
Sale of The Yard Creative to RSBG Infrastructure Logo
Marketing Services Sale of The Yard Creative to RSBG Infrastructure Transaction Support
Moore Kingston Smith advised on the sale of award-winning UK retail design agency The Yard Creative (TYC) to forward-thinking investment group RSBG Infrastructure.

TYC has become a prominent leader in the brand activation and experience sector during the past 12 years, with high-profile clients including Nike, Fortnum & Mason, Converse, John Lewis & Partners, Unibail-Rodamco-Westfield, Max Factor and Bourjois.

RSBG Infrastructure already owned renowned architect firm Leslie Jones Architecture, which has a focus on urban renewal and addressing the challenges of city and town centres. TYC and Leslie Jones Architecture have been working together in recent months, carving out a new proposition of applying a brand lens to cities, places and spaces. Now that they share a parent in RSBG Infrastructure, they will be able to pursue their collective ambitions with renewed vigour.

Moore Kingston Smith was appointed by owners Sian and Steve James-Royle to advise them on the transaction. The team helped to successfully secure a sale that will allow the agency to become part of a group with a unique, engaging and strong planning proposition.

Sian says: “A big thank you to the Moore Kingston Smith team for helping us get through this deal - the guidance, support and expertise has been invaluable and really, really helpful. Everyone was so patient and supportive.

“TYC and Moore Kingston Smith have been working together for 11 years. When we started out, we wanted to partner with the best media accountant in the industry to ensure we were learning from the might of the big guys.

“Here we are a decade later, having grown our pioneering idea into a commercially stable, well run business with a challenger mentality that attracts dream clients, projects and more recently investment. None of this would have been possible without the help of the Moore Kingston Smith team. At every turn they were professional, knowledgeable, proactive and reliable industry-leading experts.”

Nick Thompson, corporate finance partner at Moore Kingston Smith, says: “It has been a real pleasure working with Steve and Sian on this deal. TYC is a fantastic agency and we expect that, as part of the RSBG group, it will continue to go from strength to strength.”

To find out how we can help you grow your business, or to discuss future opportunities, please contact us.
Acquisition of Energy Intelligence Centre and T-Mac Technologies by the Monarch Partnership Logo
Utilities Acquisition of Energy Intelligence Centre and T-Mac Technologies by the Monarch Partnership Lead Adviser
Moore Kingston Smith is delighted to have assisted the Monarch Partnership on its acquisition of Energy Intelligence Centre (EIC) and T-Mac Technologies (T-Mac), which comprised the corporate division of Utilitywise, in a buy-out from administrators of their parent company.

The deal will help the company achieve its aim of developing end-to-end expertise in energy management and carbon reduction solutions which will cut energy consumption across its client portfolio by a fifth by 2025.

The transaction creates a utility consultancy boasting combined revenues of £20 million. All EIC and T-Mac Technologies staff will join the Monarch Partnership, saving 250 jobs, and the companies will continue to trade under their existing brand identities.

Peter Dosanjh said: "Moore Kingston Smith was instrumental in the transaction and acted as lead adviser on the negotiations on our side. They understood our focus on helping our clients become fully sustainable energy users and our objective to be the UK’s leading intelligent utilities partner. They have a wealth of expertise in advising growing businesses."

Matt Meadows, corporate finance partner at Moore Kingston Smith, said: "It was a pleasure to work with such an ambitious organisation with great opportunities ahead in the utilities space, and we are excited to see what the future holds.’’

To find out how we can help you grow your business, or to discuss future opportunities, please get in touch.
Investment by Foresight Group in Spektrix ltd Logo
Technology Investment by Foresight Group in Spektrix ltd Due Diligence
Sale of DirectionGroup to Unlimited Group Logo
Marketing Agency Sale of DirectionGroup to Unlimited Group Lead Adviser
Moore Kingston Smith has advised on the sale of DirectionGroup, a B2B marketing agency with extensive expertise in brand creative, content, conversion and consulting, to Unlimited Group.

DirectionGroup, now known as DirectionGroup Unlimited, is one of the UK’s fastest growing B2B marketing agencies with clients including Microsoft, Fujitsu and Tata Communications. The owners, Debbie Bough and Trish Harriss, were looking for assistance to secure a deal that would help them take their already successful business to the next level. They appointed Moore Kingston Smith to advise them because of its unrivalled industry knowledge and extensive network of strategic acquirers. Moore Kingston Smith targeted prospective buyers on DirectionGroup’s behalf, and having received interest from a number of parties, Debbie & Trish chose to pursue an offer from Unlimited Group, because they perceived a great strategic, commercial and cultural fit between the two businesses.

Debbie and Trish will continue to run DirectionGroup Unlimited and look forward to helping Unlimited Group achieve its aim of joining up client-side marketing, communications and sales departments with a range of specialist services including brand development, PR, content marketing, performance marketing, channel partner communications and sales enablement.

Nicola Horton, principal, and Paul Winterflood, director, led the Moore Kingston Smith corporate finance team. The team has a strong track record of managing deals in the media and marketing services sector. Moore Kingston Smith also provided advice on the corporate and personal tax implications of the transaction.

Debbie Bough said: “Nicola and Paul were brilliant from kick-off to completion. They understood our requirements from day one and worked tirelessly on our behalf. I’d highly recommend Moore Kingston Smith to anyone considering a sale.”

Trish Harriss added: “Nicola and Paul were with us every step of the way and expertly helped us navigate a complex and time-consuming process. Straight talking, honest and objective, their support was invaluable. We are delighted with the outcome.”

Nicola Horton said: ‘’It was a real pleasure working with Debbie and Trish. They knew exactly what they were looking for in a strategic partner, and are excited about the opportunities presented by being part of Unlimited Group. There’s a great future ahead for DirectionGroup Unlimited.’’

To find out how Moore Kingston Smith can help you prepare for the sale of your business, or to discuss future opportunities, please get in touch.
Sale of Little Baby Bum to Moonbug Logo
Media Sale of Little Baby Bum to Moonbug Lead Adviser
Moore Kingston Smith Corporate Finance is delighted to have advised the shareholders of one of the World’s largest and most popular YouTube channels, Little Baby Bum (LBB), on its sale to Moonbug.

Derek and Cannis Holder, the owners of LBB, said: “John Cowie at Moore Kingston Smith expertly handled the conversations with Moonbug, helping us to decide who to move forward with while keeping momentum. It’s fair to say we hadn’t been involved in a process like this before and we couldn’t have done it without John’s knowledge and thoughtful, measured advice. We’re over the moon with the outcome and excited about the future for LBB.”

To find out how we can help you, please contact us.
Sale of JJ Marketing to Gravity Global Logo
Marketing Agency Sale of JJ Marketing to Gravity Global Transaction Support
JJ Marketing is a full-funnel marketing agency that delivers powerful, results-driven, integrated marketing campaigns for a diverse portfolio of clients, including Hyundai, NatWest and Nikon. As its auditors and trusted advisers since 2014, Moore Kingston Smith was well equipped to support the agency through its sale from a tax and accounting perspective.

Paul Winterflood, corporate finance director at Moore Kingston Smith, and his team modelled the working capital and advised on negotiations with the buyer. In addition, the team helped the agency with the financial aspects of the Sale and Purchase Agreement and our tax advisers provided tax structuring advice.

James Goddard, founder, JJ Marketing said: ‘’I was delighted with Moore Kingston Smith’s support throughout the transaction. The team regularly went the extra mile and provided articulate and commercial advice throughout. Their unrivalled sector expertise and knowledge of the business built up since 2014 was invaluable at the critical points of negotiations.”
Sale of majority stake in Toddler Fun Learning to Moonbug Logo
Media Sale of majority stake in Toddler Fun Learning to Moonbug Lead Adviser
Moore Kingston Smith advises on the sale of YouTube channel Toddler Fun Learning

We are delighted to announce the successful sale of a majority stake in Toddler Fun Learning (TFL) to private equity-backed media vehicle Moonbug. TFL delivers children’s content via YouTube and its Toddler Fun Learning App. It is famous for its Gecko’s Garage series and Number Zoo and aims to transform learning and storytelling for children worldwide.

The owners, Christian and Amalie Hughes, agreed to partner with Moonbug and will continue to work alongside the Moonbug team to grow TFL, expanding its reach. The owners were advised on the sale by John Cowie, corporate finance partner at Moore Kingston Smith. Christian said: “We knew that John had worked with the buyer before and he understood what they were looking for in a business like ours. He was the natural choice when we agreed to begin discussions. He is just the man you want in your corner.”

John commented: ‘’It was a real pleasure working with Christian and Amalie. Their goal to transform learning for kids worldwide means that TFL will continue to reach more and more children and there’s a great future ahead for the channel.’’

This is the second sale of a YouTube channel that the Moore Kingston Smith team has assisted with. In 2018, they advised the owners on the sale of children’s channel Little Baby Bum. The channel regularly features among the top ten most-viewed YouTube channels on earth and its “Wheels on the Bus” compilation has been recognised as the number one educational video by Guinness World Records for three years running.
Growth Capital Fundraising Logo
Technology Growth Capital Fundraising Lead Adviser
Triumph Research Intelligence secures growth funding from Octopus Investments

Moore Kingston Smith has helped Triumph Research Intelligence (TRI) secure funding from Octopus Investments. TRI is a company dedicated to risk-based monitoring in clinical trials. The funding will accelerate development of TRI’s core technology platform, OPRA, and expand its international presence.

Founded in 2014, TRI developed the first dedicated cloud-based software for risk-based monitoring. It enables early risk detection, improved data quality, increased operational efficiency and compliance with regulatory requirements. New regulatory guidance requiring risk to be considered from the start of a trial has driven demand for OPRA. TRI's clients include pharmaceutical companies, clinical research organisations and bio-tech start-ups in the broader clinical trials market.

The Moore Kingston Smith team, led by John Cowie, head of growth capital, and Paul Winterflood, director and technology specialist, assisted TRI in identifying interested funders. The team also advised the health-tech company on how to position its pitch. Kingston Smith’s tax specialists Mark Fielden and Tom Acland provided tax structuring advice throughout.

Duncan Hall, CEO of TRI, said: “John and his team were with us from the moment of introduction to the day of the deal closing and were invaluable throughout the process. As first-timers going through the VCT process, the Kingston Smith team helped us to understand and navigate what was required, and acted as mentors, advisers and partners as required. The Moore Kingston Smith team is highly experienced and professional, and the breadth of talent within the organisation meant that, whatever advice was required, there would always be a specialist at hand.”

John Cowie of Moore Kingston Smith, said: “It’s been great to work with Duncan and the TRI team and help them gain backing for their exciting growth plans. We are confident, with Octopus’s backing, they will revolutionise the clinical trials market using their technology platform.”

The deal is the second time the Moore Kingston Smith team has helped a client secure funding from Octopus Investments in six months and its fourth growth capital fundraise completed in the last 12 months.
Sale of Healthcircle to Fishawack Group Logo
Marketing Services Sale of Healthcircle to Fishawack Group Lead Adviser
Moore Kingston Smith Corporate Finance Limited has advised the shareholders of Healthcircle Advertising, a specialist healthcare advertising and creative communications agency, on its sale to the Fishawack Group.

Healthcircle’s founder shareholders had approached Moore Kingston Smith Corporate Finance for support to secure a “transformational deal” to develop their business. Moore Kingston Smith targeted prospective buyers on Healthcircle’s behalf, and having received a great deal of interest from a number of parties, the shareholders chose to pursue an offer from Fishawack, because they perceived a great strategic, commercial and cultural fit between the two businesses.

The Moore Kingston Smith team compiled the marketing documents, analysed financials, led negotiations with the buyer and advised on tax structuring, deal completion mechanisms and corporate and personal tax implications of the deal.

Nicola Horton, Principal, and James MacLeay, led the Moore Kingston Smith Corporate Finance team. The team has a strong track record of managing deals in the media and marketing services sector.

Mike Taylor, Healthcircle Managing Director said: “Nicola and James were a pleasure to work with. They understood our business and what we needed as shareholders. They’ve got great knowledge of the media and marketing services sector so found the perfect partner for Healthcircle. They were professional, proactive and supported us throughout the deal process - their input really was invaluable.”
Acquisitions of Red Hare and Grey Whippet Logo
Marketing Services Acquisitions of Red Hare and Grey Whippet Due Diligence
Moore Kingston Smith is pleased to have provided financial due diligence services to M&C Saatchi in connection with its acquisitions of beauty influencer agency Red Hare Digital and its sister consultancy and agency Grey Whippet.

Jamie Hewitt, M&C Saatchi’s Group Finance Director comments, “We were delighted and highly impressed with Moore Kingston Smith’s due diligence on Red Hare and Grey Whippet. The team were thorough, commercial and professional throughout and I have no hesitation in recommending them.”
Sale of London's Theatre Royal Haymarket to Access Entertainment Logo
Theatre Sale of London's Theatre Royal Haymarket to Access Entertainment Lead Adviser
June 2018

Moore Kingston Smith Corporate Finance Limited has advised the shareholders of Louis I Michaels Limited on the sale of the Grade I listed Theatre Royal Haymarket.

Access Entertainment, the global division of Sir Leonard Blavatnik’s Access Industries, bought the theatre for an undisclosed sum.

The Theatre Royal Haymarket, which is nearing its 300th anniversary, is an important acquisition for Access Entertainment and its growing portfolio of investments across television, film and theatre.

First established in the 18th century, the Theatre Royal Haymarket is the third oldest London playhouse still in use and one of only three Grade I listed theatres in London. Oscar Wilde’s very first comedy as well as his later play, An Ideal Husband, both premiered at the theatre and to this day the theatre attracts global talent such as Damian Lewis, Bradley Cooper, Dame Judi Dench and Ralph Fiennes.

Nicola Horton, Principal, and Paul Winterflood, Director, led the Moore Kingston Smith Corporate Finance team. The team has a strong track record of managing deals in the media and marketing services sector.
AML Communications Logo
Marketing Services AML Communications Strategic Advice
Our team helped AML Communications prioritise the key management actions to deliver a strategic growth plan. This included a highly structured workshop with senior management and stakeholders, facilitated by an experienced Moore Kingston Smith partner to assess the current state of the business.

‘’We’ve worked with Moore Kingston Smith for a while and they’ve been vital to helping us grow our business. Although our management systems are already in good shape, the KS360 workshop really helped our management team to get a clearer picture of our strengths, key improvement opportunities and where we should focus our efforts in order to better achieve our objectives. Having an expert on our sector running the workshop meant that in just a few hours we were able to turn insight into action. I’d certainly recommend this exercise to any organisation that is serious about growing its business.’’
Ian Henderson, CEO, AML Communications
Territory Studio Logo
Marketing Services Territory Studio Strategic Advice
Investment by Vaultier7 in Axel Arigato Logo
Retail Investment by Vaultier7 in Axel Arigato Due Diligence
Growth Capital Fundraising Logo
Technology Growth Capital Fundraising Lead Adviser
May 2018

Moore Kingston Smith has helped Ubisecure, a B2B identity services software provider with a strong footprint in Finland, to obtain funding from Octopus Investments to fuel expansion in Europe.

Ubisecure provides a powerful Identity Platform to connect customer digital identities with customer-facing SaaS and enterprise applications in the cloud and on-premise. The platform consists of productised CIAM middleware and API tooling to help connect, manage, consolidate and secure Customer identities while improving privacy and consent around personal data sharing to meet requirements such as GDPR and PSD2. The company is also accredited to issue Legal Entity Identifiers (LEI) under its RapidLEI brand, a cloud-based service that automates the LEI lifecycle to deliver LEIs quickly and easily.

The Moore Kingston Smith corporate finance team led by John Cowie and Paul Winterflood supported Ubisecure. They identified potential funders who would be interested in investing in Ubisecure and advised Ubisecure on how to structure its pitch to funds.

Once a deal was agreed in principle, Moore Kingston Smith’s tax team comprising Mark Fielden, Tom Acland and Geraint Lewis advised Ubisecure on the most appropriate tax structure.

Simon Wood, CEO of Ubisecure, said: “We really appreciate everything John and the rest of the Moore Kingston Smith team have done for us and are very excited about our next phase of expansion. With the number of breaches involving personal information increasing and with GDPR taking effect today, how companies handle data is a hot topic. Our identity platform not only protects and manages identity data, it helps make the most of existing digital identities to bring about organisational efficiencies”.

Grant Paul-Florence, Head of Intermediate Capital at Octopus Investments, said: “Ubisecure is exactly the type of business our funds are looking to back – ambitious management teams with plans for significant growth. We’re grateful to Moore Kingston Smith for introducing us to management and for all the work John and his team put in to structuring this growth capital investment. We’re very excited about the future.”

John Cowie of Moore Kingston Smith, said: ”It’s been great to work with the Ubisecure team and help them gain backing for their exciting growth plans. They are poised to expand right across Europe and take the business to the next level.”
Sale of Zebra Worldwide Group to CreativeDrive Inc. Logo
Media & Marketing Services Sale of Zebra Worldwide Group to CreativeDrive Inc. Lead Adviser
May 2018

Moore Kingston Smith has advised Zebra Worldwide Group on its sale to global content creator, US-based Creative Drive Inc.

Zebra Worldwide was founded as a production company in 2005. From then, the business grew to provide still and moving image production, post-production, localisation and associated technology services through its offices in London, Paris, Cape Town, Kiev and Sydney. Zebra Worldwide works with many global brands including Reckitt Benckiser, Hilton and, Hotels.com.

The Moore Kingston Smith team led by Ian Graham, supported by Paul Winterflood in the corporate finance team and Mike Hayes in the tax team worked closely with Zebra Worldwide’s founders Luke Hammersley and Nic Franklin and its finance director Sarah Rose.

They advised on Zebra Worldwide’s group restructuring and assisted the Zebra team throughout the sale. They also provided support preparing the statutory accounts and Moore Kingston Smith’s outsourcing professionals helped prepare information for due diligence.

The deal included input from Sydney and Paris-based members of Morison KSi, the top ten global association of which Kingston Smith is a founder member.

Ian Graham, partner at Moore Kingston Smith said, “It’s a great pleasure to see how much the team at Zebra has achieved. We’re delighted to have played a small part in their continued success.”

Luke Hammersley said: “Moore Kingston Smith were true partners from the outset, helping us document and present our business most effectively, achieve the best commercial results whilst also supporting the relationship building process with our new owners. They were, without exception, good people to work with – pragmatic, extremely articulate around the intricacies of the financial process we were navigating, going the extra mile for our cause.”
Sale of QBS Software Limited to GNR Technology Limited Logo
Technology Sale of QBS Software Limited to GNR Technology Limited Lead Adviser
February 2018

Moore Kingston Smith Corporate Finance has advised the shareholders of QBS Software Ltd on the company’s sale to GNR Technology Ltd for an undisclosed sum.

QBS is a leading software distributor, providing a comprehensive range of products from a wide spectrum of software publishers. Headquartered in London, the company employs 40 staff.

The Moore Kingston Smith Corporate Finance team was appointed to help find an acquirer using its technology sector knowledge. Led by partner Marc Fecher and director Nick Thompson, the team worked closely with QBS Software’s shareholders to identify potential buyers and to negotiate, manage and complete the sale.

Mark Spangenthal, Director of QBS said: “Thank you Marc, Nick, Kat and the Moore Kingston Smith Corporate Finance team, we couldn’t have done such a complicated transaction by ourselves. From the beginning of the process, you understood our personal requirements and exceeded our expectations of value by a significant multiple”.

Skye Quin, Director, of QBS said: “You helped, managed and supported us throughout the sale process with a personal touch and were a pleasure to work with. We’d highly recommend Moore Kingston Smith to any tech entrepreneur wanting to sell their business”.

Marc Fecher said: “It’s been a great pleasure to see the QBS shareholders succeed with this sale. We’ve really enjoyed being part of their business journey”.

Dave Stevinson, Managing Director of GNR Technology Ltd commented: “Credit goes to both sets of advisors for their diligence to get the deal done in a professional manner and working above and beyond the call of duty to particularly tight deadlines”.

Both companies will continue to trade as separate companies under their own names.
Growth Capital Fundraising Logo
Media Technology Growth Capital Fundraising Financial Adviser
AIM re-admission Logo
Leisure AIM re-admission Reporting Accountants
December 2017

Moore Kingston Smith’s corporate finance team advised AIM-listed Parallel Media Group on its acquisition of Brick Live and Parallel Live, to create a new live entertainment events company, Live Company Group, on the AIM market.

BRICKLIVE events are a global network of partner-driven shows built for fans of LEGO®.

Moore Kingston Smith acted as reporting accountants for the re-admission to AIM. The firm completed financial and tax due diligence on Brick Live and Parallel Live, as well as a working capital review for the enlarged group.

David Ciclitira, Chairman of Parallel Media Group said: “As Parallel Media Group’s auditors, Moore Kingston Smith were the natural choice to advise us in this transaction. The Moore Kingston Smith corporate finance team brought a strong mix of technical insight and commercialism to their role as reporting accountants. We look forward to working together further in the future”.
Sale of The Corner Communications (London) Ltd to Be Heard Group Logo
Marketing Services Sale of The Corner Communications (London) Ltd to Be Heard Group Transaction Tax
AIM admission Logo
Technology AIM admission Reporting Accountants
September 2017

Top 20 UK chartered accountancy and business advisory firm Moore Kingston Smith assisted tech start-up company appScatter with its AIM listing earlier this month.

appScatter is a scalable business-to-business software-as-a-service platform. It allows its paying users to distribute and manage their apps on multiple app stores as well as tracking performance and compliance.

Moore Kingston Smith’s corporate finance and technology accountants worked closely with the visionary tech company and its nominated adviser, brokers and lawyers throughout the listing process. The firm advised appScatter on compliance, specific regulatory requirements, tax and corporate finance.

On 5 September appScatter raised £9m to secure its admission onto AIM.

Philip Marcella, Founder & CEO of appScatter said: “As with any such process, we faced various challenges but I was pleased with how the Moore Kingston Smith team dealt with them – always available to explain what was required and why, but also able to work with us in resolving them.”

appScatter is set to roll out its platform in Q4 2017 and plans to establish a presence in China in 2018.
Sale of MJ Media to Once Upon A Time Logo
Media Sale of MJ Media to Once Upon A Time Lead Adviser & Transaction Tax
September 2017

Moore Kingston Smith Corporate Finance (MKSCFL) has advised youth, entertainment and technology specialist media buyer, MJ Media, on its sale to integrated agency Once Upon A Time. MKSCFL was appointed to help find an acquirer for MJ Media and used its expert knowledge of the industry and extensive network to identify strategic acquirers.

MJ Media received significant interest from a number of agencies across the industry looking to acquire MJ Media’s media buying expertise and youth, technology and entertainment sector knowledge. Having identified strategic acquirers within the industry, MKSCFL worked closely with MJ Media’s Founder, Martin Jones, and Managing Director, Matthew Fuller, and managed and negotiated the sales process to a successful completion.

Matt Fuller said: “Mandy Merron and Paul Winterflood of Moore Kingston Smith have exceeded my expectations every step of the way, always simplifying the difficult things to make them understandable and taking all challenges in their stride. They have been a pleasure to partner with, the biggest testimony I could give is that I would not hesitate to recommend them to anyone who is looking for excellent and expert advice.”

Mandy Merron, Director of Moore Kingston Smith Corporate Finance said: “It was a pleasure to work with Martin and Matt from start to finish on this deal. MJ Media and Once Upon A Time are a great fit and we expect to see the enlarged group continue to go from strength to strength over the next few years”.
Sale of Credo to Teneo Logo
Management Consultant Sale of Credo to Teneo Transaction Tax
August 2017

In August 2017 Teneo acquired leading management consulting firm Credo.

The transaction represents a major expansion of Teneo's consulting division as the company experiences significant growth. The acquisition of Credo brings a team of 60 staff to Teneo and expertise in corporate strategy, transaction services, commercial and operating model transformation and performance improvement.

Moore Kingston Smith gave financial and tax advice to the Credo partners in respect of their sale to Teneo.
Acquisition of the Bulgari Hotel London by Abu Dhabi Financial Group LLC Logo
Leisure Acquisition of the Bulgari Hotel London by Abu Dhabi Financial Group LLC Due Diligence & Lead Advisory
Acquisition of Xtra Mile Events by Human Race Limited Logo
Events organisation Acquisition of Xtra Mile Events by Human Race Limited Financial & Tax Due Diligence
April 2017

Moore Kingston Smith is pleased to have provided financial and tax due diligence services to Human Race Limited in connection with its acquisition of Xtra Mile Events Limited. Human Race is the largest and most diverse mass participation events company in the UK, with a portfolio of over 30 events each year. Xtra Mile, also a sports event company, organises a number of endurance events across Wales and Northern England - most notably, the Greater Manchester Marathon. The acquisition of Xtra Mile has strengthened Human Race’s position in the sporting event sector.

Michael Hedges, Finance Director at Human Race Limited comments: “We were very impressed with the final report and how the whole due diligence process was managed. We felt it went very smoothly and was managed professionally by the Moore Kingston Smith team. The report went in to a good level of detail and particularly we valued the work done on Race Entry Prices. We really enjoyed working with you all on it.”

Human Race is the UK’s leading mass participation events company, putting on over 30 events each year in triathlon, cycling, running, duathlon and open water swimming. Part of Amaury Sport Organisation (ASO), owners of Le Tour de France and the leader in the French running and sportive market, Human Race’s prestigious portfolio includes the Windsor Triathlon, Dragon Ride L’Etape Wales, the Cancer Research UK Winter Run Series and VitalityMove. The company also specialises in delivering bespoke corporate events, working with businesses such as JLL and Cisco.
Sale of Freightex to UPS Logo
Technology/Logisitics Sale of Freightex to UPS Lead Adviser
January 2017

Moore Kingston Smith Corporate Finance advised the shareholders of Freightex Ltd, the Dover headquartered provider of logistics and freight brokerage services in the UK and Europe, on the sale of their business to UPS. UPS is among the largest multi-modal transportation companies in the world with extensive global airlines, trucking and package delivery networks.

Shippers of all sizes and industries today rely on Freightex for the efficient movement and visibility of goods across the UK and Europe. The company has eight locations across the UK and Europe and matches customers’ outgoing freight shipments with available trucking capacity across its network of carriers. Freightex will operate under UPS’s Coyote business unit through the Supply Chain and Freight segment and its customers will gain the benefits of scale, reach and access to a broad integrated portfolio of shipping solutions for all their supply chain management needs.

The acquisition immediately establishes UPS’s presence in the growing UK and European third-party logistics (3PL) over-the-road brokerage transportation market and launches a new global and regional UPS growth platform from an established base of customers and carriers.

Bradley Stanton, Chairman of Freightex, comments: “The Board of Freightex Ltd retained John Cowie at Moore Kingston Smith to review and advise us on a number of potential corporate options that had emerged over a six month period. This advisory process ultimately led to the sale of the company to UPS. We felt very confident with John’s guidance from initial contact right through to completion of sale. He and his colleagues demonstrated a high degree of experience and breadth of expertise, complemented by strong attention to detail – all of which was invaluable to us.”

John Cowie, the partner at Moore Kingston Smith who led the corporate finance team, said: “It has been a pleasure working with the Freightex team on this transaction. Everyone worked hard to meet an ambitious timetable – it was a true team effort.”
Sale of majority stake in Code Computer Love to Mediacom, part of WPP Logo
Digital Sale of majority stake in Code Computer Love to Mediacom, part of WPP Lead Adviser
December 2016

Moore Kingston Smith Corporate Finance is delighted to have advised on the sale of a majority stake in Code Computer Love (“Code”) to MediaCom, part of WPP. Nicola Horton led the Moore Kingston Smith team that advised the shareholders of Code on the transaction and was assisted by Paul Winterflood.

Founded in 1999, and headquartered in Manchester with around 80 staff, Code is a user experience studio that creates and develops digital products, campaigns and capabilities. Clients include Hillarys, Brother and Amnesty International.

Following the acquisition, Code will continue to be managed by its founders Tony Foggett, Louis Georgiou and Wini Tse, who retain a significant stake in the business.

Commenting on the transaction, Tony Foggett, Code’s CEO, said: “We are so pleased that we approached Moore Kingston Smith to help, guide and advise us through the process. Nicola Horton and her team provided us with the professionalism, experience and expertise in a manner that gave us the confidence to successfully get through and complete the deal. We are delighted to recommend them to other SMEs in a similar situation.‘’

MediaCom said that the acquisition would allow it to offer clients a fully connected service across the entire customer journey. The deal also helps meet a target set by MediaCom parent WPP for between 40% and 45% of its total revenues to be derived from digital services within the next five years.
Growth capital investment by Mobeus Equity Partners in BookingTek Logo
Technology Growth capital investment by Mobeus Equity Partners in BookingTek Due Diligence
October 2016

Moore Kingston Smith is pleased to have provided financial due diligence services to Mobeus Equity Partners in connection with its £2.2m growth capital investment in BookingTek. BookingTek is a provider of direct-booking software to major hotel groups. The funding will be used to expand the BookingTek team, broaden its international presence and facilitate the development of future products.

Greg Blin, Investment Manager at Mobeus comments, “The Moore Kingston Smith team brought a strong mix of technical capability and commercialism, quickly identifying and dealing with the key financial issues which helped Mobeus in our assessment of the deal. We are grateful to their professionalism and support throughout the process and we look forward to working with the team on future transactions.”

London-based BookingTek, which was founded in 2011, provides software that enables hotels to reduce their reliance on third-party booking systems through an enterprise-grade, real-time booking platform for meeting rooms and restaurant reservations. The platform incorporates PCI payment processing that enables hotels to make their products viewable, bookable and payable all on their own website.

BookingTek’s products meet a key strategic focus of hotel groups at present which is to encourage guests to book directly rather than through third parties. BookingTek’s existing clients include two of the world’s top 10 hotel groups and the UK’s largest hotel group. BookingTek’s Meetings Maker product is the only software product that integrates with Oracle MICROS’ Opera Web Services for Sales & Catering, the leading hotel property management (PMS) software world-wide.
Sale of House PR to W Communications Logo
PR Sale of House PR to W Communications Lead Adviser
November 2016

Moore Kingston Smith Corporate Finance advises House PR on sale to W

Moore Kingston Smith Corporate Finance Limited (MKSCFL) is delighted to have advised House PR on its sale to W, PR Week’s mid-sized consultancy of the year 2015. MKSCFL was appointed to help find an acquirer for House PR and used its expert knowledge of the industry and extensive network to identify strategic acquirers.

House PR received significant interest from a number of agencies in the industry looking to acquire House PR’s expertise in entertainment and hospitality brands. MKSCFL worked closely with House PR’s Managing Director Ginny Paton and managed and negotiated the sales process to a successful completion.

Ginny Paton comments: “Mandy Merron and Paul Winterflood supported us every step of the way. MKSCFL was the perfect partner for us using its expertise and knowledge of the sector to generate significant interest and manage the deal to a successful completion.”

Mandy Merron, Director of Moore Kingston Smith Corporate Finance says, “It was a pleasure to work with Ginny from start to finish on this deal. House PR and W are a great fit and we expect to see the enlarged W group continue to go from strength to strength over the next few years”.
Share Offer to raise £2.5 million Logo
Leisure Share Offer to raise £2.5 million Corporate Finance Adviser
November 2016

Devonshire Corporate Finance Limited, the FCA-regulated arm of Moore Kingston Smith Corporate Finance, has advised the board of Severn Valley Railway (Holdings) plc on the launch of its latest share offer, which is aiming to raise £2.5 million from new and existing shareholders.

Severn Valley Railway is celebrating over 50 years as a tourist attraction and runs regular, mainly steam-hauled, passenger trains between Kidderminster in Worcestershire and Bridgnorth in Shropshire. Much of Bridgnorth’s infrastructure and facilities date back to 1862, and are in need of conservation and considered enhancement to cope with the heritage railway’s ever-increasing number of visitors. This latest share offer will enable a substantial portion of the railway’s Bridgnorth redevelopment plans to be completed, and will supplement funds that the railway is raising through charitable giving and grants.
Acquisition of Freedom Paper Products Ltd by Northwood Logo
Manufacturing Acquisition of Freedom Paper Products Ltd by Northwood Lead Adviser
Acquisition of Midland Paper Products Ltd by Northwood Company Logo
Manufacturing Acquisition of Midland Paper Products Ltd by Northwood Company Lead Adviser
Disposal of Hammer Consolidated Holdings Ltd to Exertis Logo
Technology Disposal of Hammer Consolidated Holdings Ltd to Exertis Lead Adviser
October 2016

Devonshire Corporate Finance Ltd (DCFL) advised the shareholders of Hammer Consolidated Holdings Ltd, a leading specialist distributor of server and storage solutions, on the sale of their business to DCC Technology, which trades as Exertis.

DCC Technology has agreed to acquire Hammer Consolidated Holdings Ltd, which in its financial year ended 31 January 2016, earned an operating profit of £6.3 million on revenue of £155.0 million. The transaction is conditional on competition clearance from the European Commission and is expected to complete by the end of the year. The consideration will be paid entirely in cash and is structured as an initial payment at completion, followed by earn-out payments over three years based on Hammer’s future trading results.

Based in Hampshire and employing 165 staff, Hammer distributes server and storage products for a broad range of leading suppliers including Dell, Intel, NetApp, Seagate and Western Digital. Hammer’s business is considered to be complementary to Exertis’ existing server and storage business, and will strengthen its supplier portfolio with the addition of almost 1,000 reseller customers.

Managing Director of Hammer Consolidated Holdings, James Ward comments: “Marc has worked with us 11 years, when he and the team supported our management buy-out. He has supported us in this process by offering advice and assistance every step of the way. Because of our longstanding relationship they really understood our ambitions and delivered them. We are delighted with the result and have no issues in recommending Marc and his team to others.”

Marc Fecher, Head of Devonshire Corporate Finance says, “I am delighted that I have been able to support the shareholders in achieving their objectives by leading on the sale process, including complex negotiations. Having forged a close relationship with James and his team 11 years ago when we assisted them to originally buy the business we were able to support their next step – successfully selling the business to a strategic buyer. Exertis have made an excellent acquisition of a strong business.”
Sale of Flipside to Weber Shandwick, part of the Interpublic Group Logo
Digital Sale of Flipside to Weber Shandwick, part of the Interpublic Group Corporate Finance Adviser
September 2016

Moore Kingston Smith Corporate Finance has supported the shareholders of Flipside on the sale of their mobile and digital agency to Weber Shandwick, part of the Interpublic Group.

Headquartered in London, with 35 staff, Flipside designs and develops mobile apps and digital experiences, and does strategic business and technology planning, social media management and mobile-centric marketing communications.

The acquisition combines Flipside’s mobile platform expertise, and creative and technical services with Weber Shandwick’s global capabilities in social media, brand publishing and integrated media. Together with Flipside, Weber Shandwick will deliver a full-scale, modern digital offering that blends content, community and commerce for both B2C and B2B marketers.

Nicola Horton led the Moore Kingston Smith Corporate Finance team in providing transaction support services to the Flipside shareholders.

Commenting on the transaction, Tim Drake, Flipside’s Managing Director, said: “Nicola and her team rose magnificently to the occasion delivering accurate, easy to consume models and added-value interpretation leveraging their subjective market expertise. What could have been an extremely stressful period for us was made almost enjoyable by the Moore Kingston Smith team.”
Sale of 4Ps Marketing to NetBooster Group Logo
Marketing Sale of 4Ps Marketing to NetBooster Group Transaction Tax
Managment Buy Out (MBO) Logo
Recruitment Managment Buy Out (MBO) Financial Adviser
Devonshire Corporate Finance advises on MBO for engineering specialist recruiters - Alexander Associates.

Devonshire Corporate Finance Ltd (DCFL) recently advised on the management buy out for Alexander Associates, a £10 million specialist engineering recruitment consultant in Kent.

Managing Director of Alexander Associates, Gareth Jones comments: “The team at DCFL were instrumental in the MBO of our business. I found it amazing how quickly they got to grips with the figures and were able to illustrate the performance and potential of the business in a language that financiers require. DCFL were on our wavelength from day one.

“Knowing your business inside out is essential but without having a team to understand your goals, guide and represent you there are countless pitfalls and dead-ends to hamper your progress. DCFL were constantly one step ahead, anticipating hurdles and ensuring we were prepared and fully understood every detail. The amount of time and distraction DCFL saved by managing the process was beyond value to the business during the transaction and ensured the time away from the business was kept to an absolute minimum.”

Marc Fecher, Head of Devonshire Corporate Finance says, “It was a pleasure to be able to support and advise Gareth and his team from start to finish on this deal. Alexander Associates is a fantastic business that will be taken to the next level now that ownership has transferred to the longstanding, proven and passionate management team.

Devonshire Corporate Finance Ltd is part of Moore Kingston Smith LLP Group and has many years' experience in helping clients achieve their ambitions, having completed over 350 transactions in a variety of sectors.

We provide a wide range of corporate finance advice covering business disposals, strategic and exit route planning, mergers and acquisitions (including accelerated M&As in distressed situations), raising finance and flotations, and management buy-outs and buy-ins. Devonshire Corporate Finance Ltd is regulated by the Financial Conduct Authority.
Wind Energy Renewables LLP Acquiring Lothian Wind Energy Limited Logo
Renewable Energy Wind Energy Renewables LLP Acquiring Lothian Wind Energy Limited Due Diligence
Acquisition of Sixth Dental Practice Logo
Healthcare Acquisition of Sixth Dental Practice Due Diligence & Lead Advisory
June 2016

Moore Kingston Smith advises on Gensmile Dental Care’s sixth practice acquisition

Moore Kingston Smith recently advised on the sixth practice acquisition for Gensmile Dental Care Ltd. Gensmile is a next generation dental group focused on long term partnership and quality.

Gensmile concentrates on the efficient and effective management of the practices so that the dentists can focus purely on providing the best high-quality patient care possible. Gensmile’s six practices are based across Lancashire, Wiltshire, Worcestershire and Cornwall.

Gensmile founder and Managing Director, Simon Turton comments, “We seek to differentiate ourselves by our ability to find creative deal structures which addresses vendor needs when selling their dental practices. Moore Kingston Smith has given us highly professional and insightful support in helping us to create value through these transactions”.

Matt Meadows, Partner at Moore Kingston Smith Corporate Finance says, “It’s always a pleasure to work with a team like the one at Gensmile who understands the value of long-term partnership, as this is a value we identify with and appreciate within our own firm. Gensmile is a fast-growing entrepreneurial business and we are delighted to support them in bringing this opportunity to fruition.”
Acquisition of Spencers by Portico Logo
Real Estate Acquisition of Spencers by Portico Due Diligence & Lead Advisory
May 2016

Moore Kingston Smith advised on due diligence for Portico acquisition of estate agent Spencers

Moore Kingston Smith is pleased to have provided financial due diligence and advisory services to London estate agent Portico on the successful acquisition of Spencers. The transaction was funded by Clydesdale Bank.

Spencers is an estate agent comprising eight branches located across East London. Its acquisition represents a significant development in Portico's strategic expansion plans, taking their total number of offices to 20, with around 200 employees.

Robert Nichols, Managing Director of Portico, said: “ Moore Kingston Smith Corporate Finance team were a pleasure to work with and carried out our due diligence requirements quickly and efficiently. Their taxation expertise proved particularly useful over the course of the transaction.”

Matthew Meadows, Corporate Finance partner at Moore Kingston Smith, commented: “We are delighted to have supported Portico in this substantial acquisition that supports their future growth plans. Robert was very open to our commercial advice, as well as our assessment of Spencers’ financial position, its future prospects and forecasts.”
Growth Capital Fundraising Logo
Media Growth Capital Fundraising Financial Adviser
Management Buy Out of He-Man Dual Controls Ltd Logo
Manufacturing Management Buy Out of He-Man Dual Controls Ltd Due Diligence
Management Buy Out (MBO) Logo
Facilities Management Management Buy Out (MBO) Financial Adviser
May 2016

Moore Kingston Smith advised on Management Buy Out of Temco Facility Services Limited

Moore Kingston Smith has advised Andrew Philpot in the Management Buy Out (MBO) of facilities management company Temco Facility Services Limited (“Temco”). The transaction was supported by Bank Leumi.
Temco is a £6 million facilities management business whose clients are located across the UK, predominantly in London and the South East. Andrew Philpot, Temco’s managing director, was offered the opportunity to acquire it when the holding company was sold to international facilities management group Atalian earlier this year. Moore Kingston Smith Corporate Finance was appointed in February and completed the acquisition eight weeks later, having secured four offers of financing.

Andrew Philpot said: “Moore Kingston Smith has been our auditor and tax adviser for a number of years so when the chance came to acquire the company, I was delighted to hear that the Corporate Finance team were on board. The team understood exactly what I wanted and worked tirelessly to achieve it. We look forward to working with them in future as the business grows.”

John Cowie, Partner at Moore Kingston Smith Corporate Finance, added: “It was a pleasure working with Andrew to bring this transaction to a successful conclusion. For the right business, there are a number of banks who are clearly looking to lend into MBOs and the offer from Bank Leumi ticked all the right boxes.”
Disposal to Eclectic Bar Group PLC for £18 million in cash Logo
Leisure Disposal to Eclectic Bar Group PLC for £18 million in cash Financial Adviser
April 2016

Moore Kingston Smith has advised the Noble Organisation Ltd on Brighton Marine Palace & Pier Company disposal to Eclectic Bar Group PLC. The total cash consideration was £18 million.

The Brighton Marine Palace & Pier Company owned and operated Brighton Pier, one of the most popular leisure attractions in the UK.

Eclectic Bar Group PLC is an AIM quoted leisure company. Its Chairman and largest shareholder is Luke Johnson, serial entrepreneur and Chairman of both Patisserie Holdings PLC and private equity firm, Risk Capital Partners.

Moore Kingston Smith acted as financial adviser to the Noble Organisation on the transaction. We identified and approached the buyer and continued to advise for the duration of the process.

Ian Imrie, MD of the Noble Organisation Ltd commented, “Moore Kingston Smith has been instrumental to this deal; finding the buyer, ensuring the buyer fully understood the business from the outset and advising throughout the process.

Luke Johnson, Chairman of Eclectic Bar Group PLC, commented “We were delighted when Kingston Smith brought this opportunity to us. This is an outstanding transaction and their insight into the business itself and knowledge of the parties involved has been crucial.”

Jonathan Garbett, Director at Moore Kingston Smith Corporate Finance said, “We have had a relationship with the Noble Organisation, Brighton Pier and Luke Johnson for many years and I am thrilled that we have been able to connect these parties using our market-leading commercial network. In delivering the project we were able to provide M&A and funding solutions for our client in a fast and efficient way to meet their business objectives.”
Due diligence on the merger of Infinite LLC and Spada Limited Logo
Marketing Services Due diligence on the merger of Infinite LLC and Spada Limited Due Diligence
Acquisition of The Brooklyn Brothers by Golin Logo
Marketing Services Acquisition of The Brooklyn Brothers by Golin Transaction Tax
February 2016

In February 2016 Golin acquired award-winning independent creative agency The Brooklyn Brothers. With 130 staff in offices in the UK, US and Brazil and a Hollywood writing room, the deal significantly increases the scope of Golin’s New York and London operations. The Brooklyn Brothers’ clients include brands such as Castrol Edge, NBC and Pepsi.

Moore Kingston Smith gave tax advice to the shareholders of The Brooklyn Brothers in respect of their sale to Golin.
Sale of 3 Monkeys Communications to Zeno Group Logo
PR Sale of 3 Monkeys Communications to Zeno Group Transaction Support
February 2016

Moore Kingston Smith Corporate Finance has supported the shareholders of 3 Monkeys Communications on the sale of their agency to global network, Zeno Group.

Founded 13 years ago and headquartered in London, 3 Monkeys employs more than 60 staff. Clients include Microsoft, United Biscuits and TGI Fridays. Zeno Group is a global independent communications agency with 22 offices around the world, employing more than 300 people.

Zeno Group has merged its existing UK operations with those of 3 Monkeys, to form 3 Monkeys | Zeno, in order to create a more powerful platform from which to grow in Europe and beyond.
Moore Kingston Smith Corporate Finance provided transaction support services to the 3 Monkeys shareholders and management team.

Commenting on the transaction, Greg Tulett, 3 Monkeys’ Finance Director said: “Having worked with Moore Kingston Smith for a number of years to help grow and shape our business in their role as auditors, they were a straightforward choice to partner with to help advise on the transaction and provided valuable insight on the tax structuring.”
Management Buy Out (MBO) Logo
Media Management Buy Out (MBO) Corporate Finance Adviser
Acquisition of Dare Digital by Oliver Logo
Marketing Services Acquisition of Dare Digital by Oliver Due Diligence
September 2015

Oliver Marketing is a marketing agency with a difference. The company has developed a disruptive model which provides dedicated on site agencies for its clients. Oliver is growing fast but, as well as organic growth, the business is looking to acquire.

September 2015 was a busy month for Oliver, and for us, as we worked with them on their acquisitions of leading digital agency, Dare from EDC Communications and leading property specialist marketing agency, Aylesworth Fleming from Emerge.

On Oliver’s acquisition of Dare, we were asked to provide transaction support to Oliver with financial and tax due diligence. Working closely with group finance director, Simon Weaver, we were delighted to be able to help deliver this transaction. Simon Weaver said: ‘I’m very pleased with the acquisition of the Dare Digital Group, and would like to thank Mandy’s team at Moore Kingston Smith for their invaluable support, help and insight in completing this acquisition’.
Acquisition of Aylesworth Fleming by Oliver Logo
Marketing Services Acquisition of Aylesworth Fleming by Oliver Lead Adviser
September 2015

Oliver Marketing is a marketing agency with a difference. The company has developed a disruptive model which provides dedicated on site agencies for its clients. Oliver is growing fast but, as well as organic growth, the business is looking to acquire.

September 2015 was a busy month for Oliver, and for us, as we worked with them on their acquisitions of leading digital agency, Dare from EDC Communications and leading property specialist marketing agency, Aylesworth Fleming from Emerge.

Moore Kingston Smith’s remit was to identify creative agencies with a strong geographical footprint and Aylesworth Fleming fitted the bill. Established in 1985 in Bournemouth, the company now employs more than 100 people in offices in London, Bournemouth, Edinburgh, Leicester and Manchester and has a network of remote account handlers nationwide.
Sale of Reef Television to Ten Alps Logo
TV Production Sale of Reef Television to Ten Alps Lead Adviser
June 2015

We are delighted to have advised on the planned acquisition of Reef Television by UK media business, Ten Alps Plc.

Reef Television is one of the UK’s leading producers of factual television, including long-running series such as “Put Your Money Where Your Mouth Is” (BBC One) and “Selling Houses with Amanda Lamb” (More 4). AIM-listed Ten Alps’ operations cover television programming, business publishing and digital content production.

Moore Kingston Smith Corporate Finance acted as lead financial and tax advisers to the shareholders of Reef Television and provided transaction and accounting support services to the finance team, enabling this deal to be completed against very tight deadlines.

Richard Farmbrough, Chief Executive of Reef Television says, “Nicola Horton and her team at Moore Kingston Smith have proved themselves to be terrific partners in this acquisition process, providing cool-headed advice at every stage, managing the expectations of all parties and showing superhuman levels of patience.”
Sale of Vivid Brand Communications to Publicis Groupe Logo
Marketing Services Sale of Vivid Brand Communications to Publicis Groupe Lead Adviser
May 2015

Moore Kingston Smith Corporate Finance has advised on the sale of shopper marketing agency, Vivid Brand Communications, to international marcoms network Publicis Worldwide.

Founded in 1991 and headquartered in London, Vivid specialises in shopper research, strategic planning, visual identity systems, in-store communications, digital shopper marketing and packaging design. The firm uses insight into brands and consumer behaviour to create retail experiences that drive purchases and build long-term loyalty. Vivid’s clients include Nestlé, Coca Cola, Pernod Ricard, Beiersdorf, Johnson & Johnson, Henkel, SAB Miller and Diageo.

Vivid will be joining the Publicis UK network, which also includes Publicis London, POKE, Publicis Chemistry and Publicis Blueprint. The acquisition is expected to strengthen Publicis’s service offering to clients, with the opportunity to embed Vivid’s shopper methodology across the entire network.

Moore Kingston Smith Corporate Finance acted as lead financial and tax adviser to the members of Vivid Brand Communications LLP.

Commenting on the transaction, Andy Scott, Vivid’s founder and CEO, said: “This partnership will create more opportunities to deliver world-class shopper strategy and campaigns for our clients globally.”

Andy then went on to say: “Vivid would like to extend our thanks to Moore Kingston Smith Corporate Finance for their support during the acquisition of our company by Publicis UK. It could have been a very complicated and difficult process for us but the Kingston Smith team were always readily available to offer easy to understand guidance that enabled us to make important decisions with confidence. We felt completely at ease during the acquisition process, as the advice received was always thorough and detailed, particularly around the structure of the sale and the tax implications. We appreciate the dedication they have always exemplified and our level of satisfaction couldn’t be any higher.”
Sale of WRN Broadcast to Babcock International Group Logo
Media Sale of WRN Broadcast to Babcock International Group Lead Adviser
February 2015

Moore Kingston Smith Corporate Finance advised on the sale of global media management and distribution provider, WRN Broadcast Limited, to Babcock International Group plc.

Headquartered in London, WRNB offers innovative broadcast solutions that deliver television and radio content to any platform or device anywhere around the world.

WRNB will join Babcock’s Media Services business. The acquisition strengthens Babcock’s service offering to customers, and the wider market, by combining the two companies’ engineering and operations expertise and extending Babcock’s range of services and broadcast solutions. Moore Kingston Smith Corporate Finance acted as lead financial and tax adviser to the shareholders of WRNB and provided transaction and support services to the WRNB executive management team.

Commenting on the transaction, Tim Ashburner, WRNB’s former Chairman, said: “We have been working closely with Babcock for many years since the days of the original BBC Control Room. Babcock’s size and diversity and WRNB’s innovation and knowledge will provide a formidable product offering and service to the industry. We are delighted to have made this happen.”

Tim then went on to say: “When the process of selling the business began, Moore Kingston Smith’s attention to detail and personal guidance to the shareholders made the process understandable and as painless as possible. We doubt that without their help we would have come through relatively unscathed.”
Advised Mobeus Equity Partners on MBO of Media Business Insight Logo
Publishing Advised Mobeus Equity Partners on MBO of Media Business Insight Valuation
February 2015

Moore Kingston Smith Corporate Finance advised Mobeus Equity Partners on the management buyout of Media Business Insight Limited, the UK’s leading publishing and events business focused on the creative industries: advertising, TV production and film.

Media Business Insight, which employs more than seventy staff, and enjoys an annual turnover of £11m, has four product lines: Broadcast, the principal publication for those working in the UK broadcasting industry; Screen International, the leading film industry resource that covers the international film markets; Shots, the industry benchmark for internationally leading commercials, and Alf, which is the UK's principal marketing and advertising intelligence tool.

Mobeus Equity Partners is a leading UK VCT Manager with £230m funds under management and is an active investor in privately-owned UK SMEs. Moore Kingston Smith Corporate Finance gave valuation advice to Mobeus Equity Partners who provided a combined debt and equity package to support the transaction.

Chris Price, Investment Director at Mobeus Equity Partners, said: “Nicola Horton and her team provided us with valuation advice on our investment in to Media Business Insight. Nicola mobilised quickly and with her in depth knowledge of the sector was able to provide us with detailed analysis against a tight timeframe. This is the third time we have worked with Nicola in the publishing sector and we value her knowledge and insight in our decision making process.”
Due Diligence, tax planning & technical accounting Merger of Adam and Eve with DDB Logo
Marketing Services Due Diligence, tax planning & technical accounting Merger of Adam and Eve with DDB Reporting Accountants
Sale of majority stake in Albion Brand Communications to KBS, a MDC Partners Inc. company Logo
Marketing Services Sale of majority stake in Albion Brand Communications to KBS, a MDC Partners Inc. company Lead Adviser
August 2014

We are delighted to have advised on the sale of a majority stake in Albion Brand Communication Limited to KBS (kirshenbaum bond senecal + partners), part of NASDAQ-quoted MDC Partners Inc.

Founded in 2002, Albion is a creative business partner to Europe’s most renowned entrepreneurs, startups and corporations, with a reputation for inventing and reinventing businesses to unlock growth. The agency offers a modern approach to a broad range of marketing services including advertising, branding, PR, data-led marketing, and product design.

KBS, a MDC Partners agency, has offices in New York, Los Angeles, Toronto and Montreal. The partnership with Albion adds a 100-person office in London to lead the group’s activity in Europe. Albion and KBS have been working together informally in recent months, and the agencies are currently collaborating on a number of new business and organic growth opportunities in North America, Europe and China.

Moore Kingston Smith Corporate Finance acted as lead financial and tax adviser to the shareholders of Albion and provided transaction and accounting support services to the Albion finance team, enabling the cross-border deal to be completed within a very short timeframe.

Craig Wildman, Albion’s Finance Director and Albion shareholder said: “The Moore Kingston Smith Corporate Finance team was the perfect partner for Albion in this transaction. They were with us every step of the way, and we wouldn’t have had such a smooth process and fantastic result without their valuable advice and assistance.”
Disposal of Angel Magazine to Metropolis Publishing Group Logo
Publishing Disposal of Angel Magazine to Metropolis Publishing Group Lead Adviser
£1.36m Acquisition of Full Portion Media Limited and Admission to PLUS Aquarius Media Plc Logo
PR £1.36m Acquisition of Full Portion Media Limited and Admission to PLUS Aquarius Media Plc Reporting Accountants
Disposal Logo
Catering Services Disposal Lead Adviser
October 2014

Moore Kingston Smith Corporate Finance advises on the sale of Lexington Catering Limited to Elior

Having worked with Lexington for many years providing strategic advice and support to their growth strategy, we are pleased to announce that Moore Kingston Smith have advised the stakeholders of Lexington Catering Limited on their sale to the Elior Group.

Founded in 2002, Lexington has grown to revenue of more than £30 million. Its 650 employees provide catering services to prestigious City clients such as the London Business School, the Royal Bank of Canada, Savills and Rothschild.

Founded in 1991, Elior Group is one of the world’s leading operators in the contracted food and support services industry; generating revenue of €5,016.9 million in FY 2012-2013 through 17,500 restaurants and points of sale in 13 countries.

Tim West, Chairman of Lexington commented “Marc and Matt have started working with us soon after we started our business; providing advice and ultimately preparing our business for sale as well as supporting us all the way through the sales process. Moore Kingston Smith has been instrumental in ensuring that we exited at the desired value in our preferred timeframe. They also ensured that the buyer fully understood the value of our business from the outset and provided strategic advice throughout the process. We were confident that the Corporate Finance team had our best interest in mind due to the longstanding relationship we developed.”

Marc Fecher, Partner at Moore Kingston Smith, noted “We are delighted that we could support the Lexington Catering team in this strategic and exciting transaction. We have been advising Tim and Mike for many years and are very familiar with their business. We are thrilled that Lexington will continue to thrive under the new ownership.”

The transaction was led by Marc Meadows and Matt Meadows, partners of Moore Kingston Smith Corporate Finance.
Disposal Logo
Financial Services Disposal Lead Adviser
Acquisition of iS Healthcare Dynamics Limited Logo
Marketing Services Acquisition of iS Healthcare Dynamics Limited Due Diligence
Sale of Cake Entertainment Limited to Zinkia Entertainment Logo
TV Production & Distributions Sale of Cake Entertainment Limited to Zinkia Entertainment Adviser
Sale of Bullseye Distribution Limited to Zodiak Media Logo
TV Distribution Sale of Bullseye Distribution Limited to Zodiak Media Adviser
£24.8m Fundraising, Admission of AIM & Acquisition of Bray Leino Holdings Limited Logo
Marketing Services £24.8m Fundraising, Admission of AIM & Acquisition of Bray Leino Holdings Limited Reporting Accountants
Sale of Brandpool Ltd to Loewy Logo
Marketing Services Sale of Brandpool Ltd to Loewy Lead Adviser
Demerger of Avanti Communications Group Plc Avanti Screen Media Plc Logo
Marketing Services Demerger of Avanti Communications Group Plc Avanti Screen Media Plc Reporting Accountants
Disposal of Fulcrum Corporate Estate to Johnston Controls Logo
Facilities Management Disposal of Fulcrum Corporate Estate to Johnston Controls Lead Adviser
Acquisition of Maidstone Holdings Ltd & Golden Goal Sports Venture by Chime Communications Logo
PR Acquisition of Maidstone Holdings Ltd & Golden Goal Sports Venture by Chime Communications Due Diligence
Strategic Advice for Curios Limited Logo
Brand Communications Strategic Advice for Curios Limited Lead Adviser
Twenty Plc Acquisition of Data Force Holdings Logo
Marketing Solutions Provider Twenty Plc Acquisition of Data Force Holdings Lead Adviser & Fundraising
Digital Outlooks Services Logo
Marketing Services Digital Outlooks Services Lead Adviser & Fundraising
Disposal of ESA Ltd to Trade Buyer Logo
Marketing Services Disposal of ESA Ltd to Trade Buyer Lead Adviser
Strategic Advice for Focus PR Limited Logo
Marketing Services Strategic Advice for Focus PR Limited Lead Adviser
Due Diligence for Acquisition of Merlin Elite Logo
Marketing Services Due Diligence for Acquisition of Merlin Elite Reporting Accountants
Acquisition of Lean Machine Fighting Machine Logo
Marketing Services Acquisition of Lean Machine Fighting Machine Due Diligence
May 2014

Moore Kingston Smith Corporate Finance are delighted to have assisted M&C Saatchi plc with financial due diligence support on their acquisition of Lean Mean Fighting Machine, following our work with them on the acquisition of Merlin Elite in 2012.

Digital specialists Lean Mean Fighting Machine will be integrated into the M&C Saatchi UK business.
AIM listing for Intelliplus Ltd Logo
Media AIM listing for Intelliplus Ltd Reporting Accountants & Advisers
Illuma Lighting ltd to MBI Team Logo
Retail Illuma Lighting ltd to MBI Team Lead Adviser
Sale of i-D Magazine to Vice Media Group Logo
Media Sale of i-D Magazine to Vice Media Group Lead Adviser
December 2012

Moore Kingston Smith Corporate Finance acted as lead adviser to the owners of i-D magazine, on its sale to Vice Media Group as the Group continues to expand into the on-line fashion market.

i-D magazine was started by Terry and Tricia Jones over 30 years ago and they have developed it into a forerunning magazine in fashion, art, music and culture.

Having worked with i-D magazine since inception, Moore Kingston Smith Corporate Finance were ideally placed to help maximise shareholder value through the negotiation process, which included closing the deal in an unusually short timeframe.
Disposal of Hammer Group Plc to MBO Team Logo
Technology Disposal of Hammer Group Plc to MBO Team Lead Adviser
Acquisition of GJA Communcations Ltd to Red Dragon Investments Plc Logo
Marketing Services Acquisition of GJA Communcations Ltd to Red Dragon Investments Plc Reporting Accountants
Acquisition of Bray Leino Group by The Mission Marketing Group Ltd Logo
Marketing Services Acquisition of Bray Leino Group by The Mission Marketing Group Ltd Lead Adviser
Disposal of Mixamate Holdings Ltd Logo
Construction Disposal of Mixamate Holdings Ltd Lead Adviser
Sale of Naked Communications to Photon Logo
Marketing Services Sale of Naked Communications to Photon Lead Adviser
Disposal of RDG Medical Ltd to Trade Buyer Logo
Medical Equipment Disposal of RDG Medical Ltd to Trade Buyer Lead Adviser
Acquisition of Ominor by Twenty PLC Logo
Marketing Solutions Provider Acquisition of Ominor by Twenty PLC Lead Adviser & Fundraising
PLUS Admission & £825k Fundraising for One Media Holdings Plc Logo
Media PLUS Admission & £825k Fundraising for One Media Holdings Plc Reporting Accountants
MBO for Not To Scale Logo
Media MBO for Not To Scale Lead Adviser & Fundraising
Moore Kingston Smith Corporate Finance acted as lead adviser to the managing director and minority shareholder of Not To Scale with regard to the management buy out (and associated fundraising) of the silent, majority shareholder.

Established in 2005, Not To Scale is an award winning animation studio based in the heart of Soho. The studio has taken advantage of the digital revolution, providing animation solutions and becoming a key component within an integrated advertising campaign. Recent clients include Nike, Volvo and Channel 4, while currently the business is working with Burberry, O2, Coca-Cola and the BBC.
We worked with the MBO team to put in place the most attractive funding package through our network of banks and finance providers, and dealt with the on going negotiations through to a successful close.

Founder of Not to Scale, Daniel O’Rourke, commented, “The team at Moore Kingston Smith were fantastic at getting this deal over the line. Like a lot of things in business, they can often take far longer to put in place than initially anticipated and they were great at keeping the energy up on the deal and getting all parties to the table with the right funding in place, on fair terms when we needed to."
Acquisition by Writtle of Loewy Group Logo
Marketing Services Acquisition by Writtle of Loewy Group Due Diligence
July 2011

In 2011 we helped Writtle Holdings Ltd, the media sector investment company, buy Loewy Group. We led the financial due diligence and advised the directors on the key technical accounting and operational issues identified in the process.

The deal brought together the iconic Loewy brand’s operating companies, which include Epoch Design, Seymour Powell, Speed Communications, The Team and Williams Murray Hamm, with Writtle’s existing portfolio of businesses, which include 20|20, Arken, Beyond Communications, Creo Retail Marketing, Maglabs and Magnet Harlequin.

Since the deal, the performance of the Loewy Group companies bought in 2011 exceeded expectations in their first full year of trading, and the appointment of four directors from these companies to the Writtle Board reflects the important financial and strategic contribution to the group that these businesses are now making.

Robert Essex, CEO of Writtle Group, said, “the team at Moore Kingston Smith did an excellent job for us. Their marketing sector expertise and commercial focus on the key issues really helped in our negotiation and we would be delighted to work with them again.”
Disposal of PICME to Haden Freeman Logo
Consultancy Disposal of PICME to Haden Freeman Lead Adviser
Strategic Advice for Ware Anthony Rust Logo
Marketing Services Strategic Advice for Ware Anthony Rust Lead Advisor
£10.6m Fundraising & Reverse for Twenty Plc Logo
Marketing Services £10.6m Fundraising & Reverse for Twenty Plc Reporting Accountants
Two Acquisitions of Bastin Day Westly Ltd & April Six Ltd to The Mission Marketing Group Plc Logo
Marketing Services Two Acquisitions of Bastin Day Westly Ltd & April Six Ltd to The Mission Marketing Group Plc Reporting Accountants
Disposal of Food Ingredients manufacturer to Symrise AG Logo
Food Distribution Disposal of Food Ingredients manufacturer to Symrise AG Corporate Advisers
Disposal of Stepping Stones to MBO Team Logo
Care Home Disposal of Stepping Stones to MBO Team Lead Adviser
Business Disposal of Second2 Logo
Marketing Solutions Provider Business Disposal of Second2 Lead Adviser & Fundraising
Reverse Acquisition & £1.6m Fundraising for Property Mart Overseas Plc Logo
eMarketing Reverse Acquisition & £1.6m Fundraising for Property Mart Overseas Plc Reporting Accountants
£5m Fundraising & AIM Reverse for Air Music & Media Group Plc Logo
Media £5m Fundraising & AIM Reverse for Air Music & Media Group Plc Reporting Accountants & Advisers