Synergies ?10 Jul 2017 11:06
Can't see this one working out well. Rosslyn and Integritie were both significantly loss making, Rosslyn platform based on Microsoft and Integritie on IBM technology. They have only raised about £3.6m from share placement recently (targetting £5m) which suggests after they pay off some of Integritie's debts as stated in placing then they may be left with a little under £2m for working capital - 6 months worth at burn rate of combined businesses - and now carrying a further £1m+ of debt. Veenswyk, CEO of Integritie, was meant to be appointed to Rosslyn Board too - no sign of this yet at Companies House - are they not getting on?