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Completion of Integration Plan

9 Nov 2020 07:00

RNS Number : 5864E
K3 Capital Group PLC
09 November 2020
 

K3 CAPITAL GROUP PLC

("K3", the "Company" and including its subsidiaries the "Group")

Completion of Integration Plan

K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to announce that it has successfully completed the integrations of randd and Quantuma in line with management's 100-day integration plan. As part of this process, management have streamlined and consolidated certain Group functions such as finance, human resources and marketing, creating certain expected cost synergies in the process. Both businesses are performing well and the Company is already seeing cross-selling across the Group as well as healthy pipeline growth within the business divisions. We look forward to updating the market with a trading update following the close of our first half to 30 November 2020.

Furthermore, Brendan Malloy, founder of randd, last week purchased a further 669,064 ordinary shares of 1 penny each in the Company (representing 1.0% of the Company's current issued share capital), demonstrating his confidence in the strategy of the enlarged Group.

John Rigby, K3's CEO, commented,

"We are delighted with the progress that we have made in respect of the integration of randd and Quantuma into the Group, in what we consider to be a relatively short time frame. We are grateful for the support from all of our employees in bringing the businesses together and remain confident in the Group's prospects."

 

For further information, please contact:

K3 Capital Group plc

Tel: c/o finnCap 020 7220 0500

John Rigby, Chief Executive Officer

www.k3capitalgroupplc.com

Andrew Melbourne, Chief Financial Officer

 

 

 

finnCap Ltd (Nominated Adviser and Broker)

Tel: 020 7220 0500

Jonny Franklin-Adams, Emily Watts, Charlie Beeson (Corporate Finance)

Tim Redfern, Richard Chambers (Corporate Broking)

 

 

 About K3 Capital

K3 Capital Group plc is a multi-disciplinary professional services firm providing advisory services to SMEs, with operations throughout the UK and overseas.

Services provided by KBS Corporate, KBS Corporate Finance, Knightsbridge and KBS Capital Markets:

Mergers and Acquisitions (M&A) - Company sales, brokerage and corporate finance services to SME's looking to achieve full or partial exit, advising on sales to private, trade, plc, private equity or overseas acquirors. Strategic advisory and valuations, financial due diligence and debt advisory. 

Services provided by RandD UK Limited:

Research & Development tax credit advisory: advising clients on Research and Development Tax Credit (RDTC) claims. 

Services provided by Quantuma Advisory Limited:

Restructuring advisory: formal insolvency appointments, informal restructuring advisory, personal insolvency and pension restructuring and insolvency advice. Financial advisory: comprehensive analysis of business performance through business toolkit, independent reviews, stakeholder management and turnaround and interim support.Creditor Services: creditor representation and liquidations. Forensic accounting and expert witness: forensic investigations, intelligence and forensic accounting. Pensions advisory: corporate and trustee advisory, pension scheme restructuring advisory, covenant advisory and expert witness. 

The Group's medium-term strategy is to build a wider group of growing and complementary professional services businesses to provide SME's with high quality advice across specialist disciplines.

K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017. Please visit www.k3capitalgroupplc.com for more information.

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