The Financial Week Ahead - Newswatch: Conder in float bid.
Michael Killingley, former senior partner at KPMG, will next week lead environmental engineering group Conder onto the junior London market in his role as non-executive chairman, writes Jerry Frank.
The demerged environmental division of the Isle of Wight bus and transport group, Southern Vectis, goes to market as a separate entity capitalised at £7.4m in a bid to raise £3.37m with shares prices at 20p each. Following the demerger, Southern Vectis will continue to be quoted on AIM and operate the transport division, and Southern Vectis shareholders will hold an equivalent number of ordinary shares in Conder Environmental.
In September Southern Vectis announced plans to demerge the Conder Environmental business, which it acquired from Christian Salvesen in 1995 as Vikoma, a market leader in the international market for oil slick clean-up products.
An upturn in sales following a two year slump in the oil markets came on the back of a redirection of sales strategy from large contracts to smaller orders.
An extraordinary general meeting of Southern Vectis was due on Friday.
Killingley qualified as a chartered accountant in 1974, and was appointed senior partner at KPMG in 1988 – leaving in 1998. FD Alan Bemment, 52, is a management accountant, who worked for Vickers where he was FD of its aerospace division, and previously worked as divisional finance director for the company’s environmental arm.
www.southernvectis.com.
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article