Tue, 06 Sep 2011 | BUSINESS SALE
The board of marketing company, Fuse8, have said that a sale of the company is one of the options they are considering, after a chain of events that led to the company's chief executive being relieved of his duties.
The CEO, Nigel Hunter, was stripped of his position at the end of last week, after he was unable to provide the board with an updated review of Fuse8's performance or an estimate of the company's performance for the remainder of the financial year.
He had offered his resignation on 26 August, but it was rejected. Following what the board said was "the discovery of other issues", an internal review was initiated and Mr Hunter was taken out.
A statement issued by the board said, "The non-executive directors are now considering what course of action is in the best interests of shareholders."
Selling the operating businesses of the group is one of the options being considered, which would likely result in the company becoming a 'cash sell' and being reclassified as an investing company. Delisting the business from AIM and restructuring the company to significantly lower costs is another option.
Fuse8 has bases in both Leeds and London and offers a range of marketing services including brochure design, corporate brochures, advertising, web design, PR, media buying, SEO and Pay-per-click management.
This is a unique chance to purchase a well-established vineyard and winery set in the beautiful countryside of South East England. Please note that the deadline for expressions of interest is Friday May 9th at 4pm with a deadline for final offers Wed...
Opportunity to acquire a multi award-winning specialised construction company with expertise in cleaning, repair, and conservation of historic stonework and decorative surfaces. Offers are invited from serious buyers by close of business, 9 May 2025,...
A well-established London based consultancy with expertise in complex international environments is seeking immediate equity investment or a sale of the business and/or its assets. Interested parties are advised to express their interest by 5:00 p.m....
28
|
Apr
|
French group Egis buys U.K. engineering firm Omnia Projects | BUSINESS SALE
French group Egis has acquired Omnia Projects, a UK-based en...
28
|
Apr
|
IT group KubeNet snaps up Scottish peer ISN Solutions | BUSINESS SALE
Glasgow-based internet service provider and managed IT speci...
28
|
Apr
|
Montrose-based Crawford Architecture chooses employee ownership | BUSINESS SALE
Montrose-based Crawford Architecture has transitioned to emp...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.