12 May 2014 – acquisition
The records management group has expanded its operations with the acquisition of Filebase Limited for cash consideration of £378,000 funded from its existing resources. Established in 1996, Filebase provides record management and secure shredding services predominantly in the North East of England. The acquisition has expanded the group’s market share and in the year to 31 March, Filebase generated revenues of £1.3m and EBITDA of £0.1m. Continue to BUY.