Next 15 considers disposals
Marketing services provider wants to simplify its corporate structure and is considering selling some of its brands. This news comes as Sam Knights takes over as chief executive from Tim Dyson.
Sales discussions are at an early-stage and there is no certainty the talks will be successful.
Revenues are holding up in the current financial year, but the mix of business has hit margins. H2 Radnor has cut its 2025-26 pre-tax profit forecast by 23% to £63m.
Irregularities have been discovered in the Mach49 business and three directors have been sacked. There will be no further earn out payments until the outcome of investigations and any legal proceedings.
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Small Cap Awards 2025 winners on AIM

Lords Group Trading buys CMO
Builders' merchant Lords Group Trading is acquiring the core operations of former AIM-quoted online rival CMO from the administrator.
The deal does not include CMO's tiling business. The assets acquired had 2024 revenues of around £52m. The operations fit with the two existing divisions of merchanting and plumbing and heating. This will significantly increase the scale of the business. CMO has been loss making but it is gaining online market share. The administration will have hit the confidence of suppliers and customers and the relationship will have to be managed.
Lords Group Trading is paying £1.8m for the assets, which include a property valued at £1.2m.
Eagle Eye sets out targets
Digital personalised marketing technology developer Eagle Eye believes that it can achieve annual revenues of £100m within five years. A deal with an OEM, which will include the technology in its products will help to reach the target.
In the six months to December 2024, revenues were flat at £24.2m, but lower contributions from services and SMS masked 10% growth in SaaS revenues. There was a lack of new wins in the period, but there have been some since.
Investec forecasts an improvement in pre-tax profit from £3.9m to £5.4m. Net cash will continue to build up and could reach £13m by the end of June 2025.