RE: Pay360 sale14 Aug 2022 12:30
'Potential buyers may be eyeing a price LOWER than £200million, partly due to Pay360's exposure to government contracts, which account for around half of its revenue, one source said.'
'The company, which collects the BBC licence fee and handles London's congestion charge, recently reported a plunge in half-year profits to just £100,000 from £261million a year earlier, blaming 'weaker-than-expected returns' from some of the sales and a £92.5million goodwill write-off'
'weaker-than-expected returns' from some of the sale' ... u speak of fire sale...there evidence of this in past disposals...ESS was the biggest imho