BusinessCorporate FinanceCorporate finance: News in brief

Corporate finance: News in brief

Majestic Wine has been voted AIM company of the year at the seventh annual AIM awards, sponsored by PricewaterhouseCoopers and the London Stock Exchange.

For the year to 1 April 2002, the company reported turnover up by 21% to £104m, with pre-tax profits up by 34% to £6.1m. The company benefited from the strategic acquisition of The Wine & Beer Company for £7.25m in October 2001. PwC’s Mark Speller said:

‘Despite the extremely difficult conditions of the past 12 months, many of AIM’s companies have shown great resilience.’

The UK buyout market has surged in value, with the strongest quarterly performance recorded since the second quarter 2001. Figures from the Centre for Management Buy-out Research revealed total deal value from July to September of £5.6bn, almost £2bn higher than the previous quarter; this despite continuing concerns over economic outlook, with private equity investors producing the fifth highest quarter value of the last decade. The research also showed renewed activity at the top end.

Related Articles

Grant Thornton recruits new corporate finance partner

Accounting Firms Grant Thornton recruits new corporate finance partner

11m Emma Smith, Managing Editor
Total fraud value at £2bn five-year high, finds BDO

Accounting Firms Total fraud value at £2bn five-year high, finds BDO

11m Stephanie Wix, Writer
MHA MacIntyre Hudson appoints corporate finance director

Accounting Firms MHA MacIntyre Hudson appoints corporate finance director

11m Stephanie Wix, Writer
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

11m Stephanie Wix, Writer
Independent city firm reports 70% growth

Accounting Firms Independent city firm reports 70% growth

11m Stephanie Wix, Writer
Tax avoidance crackdown sees 80% jump in additional HMRC revenue

Accounting Firms Tax avoidance crackdown sees 80% jump in additional HMRC revenue

11m Stephanie Wix, Writer
Making Tax Digital: the "unexpected item in the bagging area"

Accounting Standards Making Tax Digital: the "unexpected item in the bagging area"

11m Stephanie Wix, Writer