Final Results
Matrix Income & Growth 2 VCT plc
26 June 2006
Preliminary results for the year ended 30 April 2006
Matrix Income & Growth 2 VCT plc (Matrix Income & Growth 2 VCT) is a Venture
Capital Trust (VCT) managed by Matrix Private Equity Partners Limited (MPEP)
investing primarily in established profitable unquoted companies.
Investment Objective
The Company's objective is to provide investors with a regular and growing
income stream, arising both from the income generated by the companies selected
for the portfolio and from realising any growth in capital.
Venture Capital Trust Status
Matrix Income & Growth 2 VCT has satisfied the requirements as a Venture
Capital Trust under section 842AA of the Income and Corporation Taxes Act 1988,
and the Directors intend to conduct the business of the Company so as to
continue to comply with that section.
Chairman's Statement
I am pleased to present the preliminary results of Matrix Income & Growth 2 VCT
for the year ended 30 April 2006.
Results for the year ended 30 April 2006
The return (after tax) attributable to the Ordinary Shareholders was £875,976
(2005: loss of £310,234 (as restated)) and the Net Asset Value (NAV) per
Ordinary Share at 30 April 2006 was 87.05 pence. This was after payment of a
total of 12 pence per share received by Ordinary Shareholders as capital
dividends during the year following a number of successful realisations. The
NAV as at 30 April 2005 was 91.88 pence (as re-stated). The after tax revenue
loss before net capital gains was 0.49 pence per Ordinary Share for the year to
30 April 2006 (2005: 0.76 pence).
The loss (after tax) attributable to the C Shareholders was £22,191 and the NAV
per C Share at 30 April 2006 was 94.32 pence. The after tax revenue return
before net capital losses was 0.05 pence per C Share for the year to 30 April
2006.
Overview
At an Extraordinary General Meeting held on 7 September 2005, Shareholders
approved resolutions to change the name of the Company from Matrix Venture Fund
VCT plc to reflect its change in investment remit from primarily technology
companies to a generalist investment strategy.
This has been a year of significant activity in a number of areas, principally
capital raising, new investment activity and portfolio realisations. I am
pleased to report several areas of good progress.
C Share Fund
In September the Company launched a new C Share Fund which raised net proceeds
of £8.6 million, enabling a material increase in the Company's asset base, an
improvement in share liquidity and a reduction in the percentage cost of
running expenses. Since December the C Share Fund has been investing alongside
the Ordinary Share Fund subject to the maximum limit of £1 million which the
Company may invest in each qualifying company per annum under the VCT tax
rules.
New investments
Following approval by Shareholders of the change of name of the Company to
reflect its new generalist investment strategy, significant progress has been
made towards this aim.
During the year, the Ordinary Share Fund invested a total of £3.1 million in
six companies, with the C Share Fund investing £0.2 million in two companies.
Since the year end a further £1.2 million and £0.4 million has been invested
respectively by the Ordinary Share Fund and the C Share Fund in three
companies.
Seven of these nine investments are Management Buy Outs ("MBOs") of profitable
companies, which is the primary investment focus of the Investment Manager. The
other two are profitable AIM-quoted companies which were previously well-known
to the Investment Manager.
Portfolio realisations
This has been an active and successful year for the Ordinary Share Fund
portfolio overall. In addition to the successful realisation of Sit-up Limited
in May 2005, the opportunity was taken to dispose of the residual investment in
Clearspeed Technology plc, for £300,509, bringing total proceeds to £515,645,
over 2.5 times investment cost.
Later in December, the investment in FootFall was sold to Experian Limited, a
subsidiary of GUS plc, generating proceeds of £2,316,838, a return of over 3
times the original investment cost of £750,000.
Most recently, in May of this year, the sale of Magicalia to Exponent Private
Equity was completed realising total proceeds of £1.85 million for the Fund's
investment, a 4.6 times multiple of investment cost of £400,000.
As at 30 April 2006 the Ordinary Share Fund held investments in 14 companies at
a total cost of £7.3 million, fuller details of which are given below.
The investments held by the Company have been valued in accordance with the new
International Private Equity Venture Capital Valuation ("IPEVCV") guidelines.
The Board will, in any event, always follow a consistent valuation policy. The
investments that are quoted on AIM and the money market securities are now
carried at market value on a bid price basis.
Board of Directors
Fredrik Adams will not be standing for re-election at the Annual General
Meeting of the Company to be held on 5 September 2006 and he will therefore
leave the Board with effect from the close of the AGM. Fredrik has recently
accepted a position with Siemens Venture Capital and will be based in Boston,
USA. He has been on the Board since inception of the Company and I would like
to take this opportunity, on behalf of the Board, to thank him for the
contribution he has made to the Company's success during his period of office.
I have also decided, having reached the age of 65, to retire from the Company
and it gives me great pleasure to pass the Chairmanship to my fellow Director,
Nigel Melville, with effect from the close of the Annual General Meeting and
the Separate Class Meetings to be held on 5 September 2006. At the end of an
auspicious year which has seen a number of realisations and strategic
initiatives, including the successful launch of the C Share Offer, I am
satisfied that the Company is well set for the future.
The Board is in the process of recruiting new directors who will be appointed
in due course.
Conclusion
I would like to take this opportunity to welcome new Shareholders to the
Company and to thank all Shareholders for their continuing support of the
Company. I very much hope to have the pleasure of welcoming you to the Annual
General Meeting on 5 September 2006.
Michael Cumming
Chairman
Investment Manager's Review
The Company is pursuing a strategy of investing in established, profitable,
unquoted companies. Typically these investee companies will be cash-generative
and therefore capable of producing dividend income, as well as capital returns
to Shareholders on their ultimate sale or flotation. The Company will focus
principally on investments in management buyouts ("MBOs"). The Fund continues
to benefit from the strong flow of MBO opportunities we have been experiencing.
Significant progress has been made in effecting the generalist investment
strategy, by realising value where appropriate from the predominantly
technology-based Ordinary Share Fund portfolio, enabling distributions to be
made to this Fund's shareholders whilst also investing actively in MBOs.
During the year four investments were sold for total proceeds of £7.3 million,
compared with cost of £2.0 million. This has allowed dividends of £1.5 million
to be paid to Ordinary Shareholders whilst releasing capital to be re-invested
in the Ordinary Share Fund, which has increased during the year from 12
investments at a cost of £6.2 million to 14 investments at a cost of £7.3
million.
The new investments, set out in greater detail below, comprise five MBOs and
one AIM investment at a total cost of £3.1 million and £0.2 million to the
Ordinary Share Fund and the C Share Fund respectively, comprising a range of
industrial and commercial sectors including signmaking, publishing, manned
guarding and ladder manufacture.
Since the year end the Ordinary and C Share Funds have made investments of £
118,737 and £82,893 respectively into BBI Holdings, an AIM-quoted manufacturer
and developer of reagents and diagnostic tests for research and diagnostic use;
£274,624 and £191,720 respectively into PastaKing, a supplier to the
educational and food service market; and of £832,827 and £167,173 respectively
into British International Holdings, a supplier of helicopter services.
Award International Holdings
Ordinary Share Fund
Cost: £250,000
Valuation: £Nil
Basis of valuation: Cost less impairment
Equity % held: 7.7%
Income receivable in year: £Nil
Date of initial investment: March 2004
Business: Promotional goods and services agency
Location: Margate, Kent
History: AIM flotation but since delisted
Other MPEP funds investing: None
Audited financial information:
Year ended Turnover Operating profit Net assets
30 September 2004 £4,209,000 £45,000 £1,710,000
Blaze Signs Holdings
Limited
Ordinary Share Fund C Share Fund
Cost: £339,545 £58,953
Valuation: £339,545 £58,953
Basis of valuation: Cost Cost
Equity % held: 9.6% 1.7%
Income receivable in year: £128 £22
Date of initial investment: April 2006
Business: Manufacturing and installation of signs
Location: Broadstairs, Kent
History: MBO from private ownership
Other MPEP funds investing: TriVen VCT, TriVest VCT, Matrix Income & Growth
VCT, Matrix Income & Growth 3 VCT
Audited financial First audited accounts will be for the period
information: ending 31
March 2006
Callserve Communications Limited
Ordinary Share Fund
Cost: £300,000
Valuation: £Nil
Basis of valuation: Cost less impairment
Equity % held: 0.8%
Income receivable in year: £Nil
Date of initial investment: October 2000
Business: Internet telephony and Voice over Internet
Protocol ("VoIP")
Location: London
History: Expansion capital to roll out VoIP service
Other MPEP funds investing: None
Audited financial information:
Year ended Turnover Operating loss Net liabilities
31 December 2005 £9,183,000 (£743,000) (£5,976,000)
Campden Media
Limited
Ordinary Share Fund
Cost: £975,000
Valuation: £975,000
Basis of valuation: Cost
Equity % held: 11.4%
Income receivable in year: £18,786
Date of initial investment: January 2006
Business: Publishing and conferencing
Location: London
History: MBO from private ownership
Other MPEP funds investing: TriVen VCT, TriVest VCT, Matrix Income
& Growth VCT
Audited financial information: First audited accounts will be for the period
ending 31 December 2006
Clarity Commerce Solutions plc
Ordinary Share Fund
Cost: £510,552
Valuation: £446,830
Basis of valuation: Bid price (AIM-quoted)
Equity % held: 3.7%
Income receivable in year: £Nil
Date of initial investment: July 2000
Business: EPOS and CRM solutions provider
Location: Salisbury, Wiltshire
History: Expansion capital as part of flotation and
placing on AIM
Other MPEP funds investing: None
Audited financial information:
Year ended Turnover Operating profit Net assets Earnings per share
31 March 2005 £15,851,000 £898,000 £9,487,000 2.36 pence
Flightstore Group
plc
Ordinary Share Fund
Cost: £254,586
Valuation: £4,752
Basis of valuation: Bid price (AIM-quoted)
Equity % held: 3.38%
Income receivable in year: £Nil
Date of initial investment: March 2001
Business: Interactive aircraft shopping service
Location: Reigate, Surrey
History: Expansion capital followed by flotation on AIM
Other MPEP funds investing: None
Audited financial information:
Year ended Turnover Operating loss Net assets Loss per share
31 December 2004 £1,000 (£1,052,000) £358,000 (1.02)p
Gyro International
Limited
Ordinary Share Fund
Cost: £750,000
Valuation: £779,930
Basis of valuation: Discounted earnings
Equity % held: 6.8%
Income receivable in year: £20,230
Date of initial investment: February 2005
Business: Brand communications agency
Location: London
History: Expansion/replacement capital
Other MPEP funds investing: None
Audited financial information:
Year ended Turnover Operating profit Net assets
31 October 2004 £9,021,000 £707,000 £21,000
Note: Figures from audited accounts for Gyrogroup (as then named) excluding US
operations
Miva
Inc.
Ordinary Share Fund
Cost: £487,833
Valuation: £373,961
Basis of valuation: Mid-market price (NASDAQ-quoted)
Equity % held: 0.5%
Income receivable in year: £Nil
Date of initial December 2001
investment:
Business: Online performance-based marketing solutions
provider
Location: Fort Myers, Florida
History: Expansion capital
Other MPEP funds None
investing:
Audited financial information:
Year ended Turnover Operating profit Net assets
30 September 2005 $194,616,000 $207,000 $146,513,000
Monactive Limited (in administration)
Ordinary Share Fund
Cost: £642,857
Valuation: £NIL
Basis of valuation: Cost less impairment
Equity % held: 13.6%
Income receivable in year: £6,480
Date of initial investment: March 2001
Business: Software asset management
Location: Reading, Berkshire
History: Expansion capital
Other MPEP funds investing: None
Audited financial information:
Year ended Turnover Operating loss Net liabilities
31 July 2005 £1071,000 (£32,000) £2,306,000
Recite Limited
Ordinary Share Fund
Cost: £1,000,000
Valuation: £750,000
Basis of valuation: Cost less impairment
Equity % held: 25.2%
Income receivable in year: £61,428
Date of initial investment: September 2003
Business: Salesforce management solutions
Location: Maidenhead, Berkshire
History: Replacement capital
Other MPEP funds investing: None
Audited financial information:
Year ended Turnover Operating profit Net assets
30 April 2005 £3,045,000 £433,000 £214,000
SectorGuard
plc
Ordinary Share Fund
Cost: £150,000
Valuation: £182,143
Basis of valuation: Bid price (AIM-quoted)
Equity % held: 1.5%
Business: Provision of manned guarding, mobile patrolling,
and alarm response services
Income receivable in year: £4,286
Date of initial investment: August 2005
Location: Waltham Cross, Essex
History: Expansion finance as part of a £3 million
capital raising
Other MPEP funds investing: TriVen VCT, TriVest VCT, Matrix Income
& Growth VCT
Audited financial information:
Year ended Turnover Operating profit Net assets Earnings per share
30 September 2005 £16,375,000 £1,155,000 £8,169,000 0.35p
Vectair Holdings
Limited
Ordinary Share Fund
Cost: £243,784
Valuation: £243,784
Basis of valuation: Cost
Equity % held: 5.2%
Income receivable in £4,841
year:
Date of initial January 2006
investment:
Business: Design and sale of washroom products
Location: Basingstoke, Hampshire
History: MBO from private ownership
Other MPEP funds TriVen VCT, TriVest VCT, Matrix Income & Growth VCT
investing:
Audited financial First audited accounts will be for the period ending
information: 31 July 2006
VSI
Limited
Ordinary Share Fund C Share Fund
Cost: £365,764 £122,897
Valuation: £365,764 £122,897
Basis of valuation: Cost Cost
Equity % held: 9.4% 3.2%
Income receivable in year: £3,594 £904
Date of initial investment: March 2006
Business: Software for CAD and CAM vendors
Location: Sheffield
History: MBO from private ownership
Other MPEP funds investing: TriVen VCT, TriVest VCT, Matrix Income & Growth
VCT, Matrix Income & Growth 3 VCT
Audited financial First audited accounts will be for the period
information: ending 31
December 2006
Youngman Group Limited
Ordinary Share Fund
Cost: £1,000,000
Valuation: £1,000,000
Basis of valuation: Cost
Equity % held: 8.6%
Income receivable in year: £40,507
Date of initial investment: October 2005
Business: Manufacture of ladders and access towers
Location: Maldon, Essex
History: Management buy-in/buy-out from SGB Group
Other MPEP funds investing: TriVen VCT, TriVest VCT, Matrix Income &
Growth VCT
Audited financial First audited accounts will be for the period
information: ending
31 December 2006
Further details of the investments in the MPEP portfolio may be found on MPEP's
website: www.matrixpep.co.uk
Non-Statutory analysis between the Ordinary Share and C Share Funds
Income Statement for the year ended 30 April 2006
Ordinary Share Fund C Share Fund
Revenue Capital Total Revenue Capital Total
£ £ £ £ £ £
Unrealised losses on investments held at fair value - (1,458,362) (1,458,362) - - -
Realised gains on investments held at fair value - 2,588,791 2,588,791 - - -
Income 268,753 - 268,753 42,832 - 42,832
Investment management fees (64,013) (192,041) (256,054) (8,094) (24,281) (32,375)
Other expenses (267,152) - (267,152) (32,648) - (32,648)
---- ----- ----- ---- ----- -----
Return on ordinary activities before taxation (62,412) 938,388 875,976 (2.090) (24,281) (22,191)
Tax on ordinary activities - - - - - -
---- ----- ----- ---- ---- -----
Return attributable to equity shareholders (62,412) 938,388 875,976 (2,090) (24,281) (22,191)
==== ==== ==== ==== ==== ====
Return per share (0.49)p 7.40p 6.91p (0.05)p (0.62)p (0.56)p
Average number of shares in issue 12,679,005 3,939,573
Balance Sheets
as at 30 April 2006
Adjustments Total of
(see note both
below) funds (per
Statutory
Ordinary C Share Balance
Share Fund Fund Sheet)
£ £ £ £
Non-current assets
Assets held at fair value through
profit and loss - investments 5,461,709 181,850 - 5,643,559
Monies held pending investment 1,264,875 8,486,561 - 9,751,436
---- ---- ----
6,726,584 8,668,411 15,394,995
Current assets
Debtors and prepayments 1,941,858 16,694 (22,283) 1,936,269
Cash at bank 2,456,625 5,870 - 2,462,495
---- ---- ----
4,398,483 22,564 (22,283) 4,398,764
Creditors: amounts falling due
within one year (186,091) (64,680) 22,283 (228,488)
---- ---- ----
Net current assets 4,212,392 (42,116) 4,170,276
---- ---- ----
Net assets 10,938,976 8,626,295 19,565,271
==== ==== ====
Capital
Called up share capital 125,661 91,460 217,121
Capital redemption reserve 6,145 - 6,145
Share premium account - 8,557,026 8,557,026
Cancelled share premium
account 8,034,754 - 8,034,754
Capital reserve - unrealised (1,041,174) - (1,041,174)
Profit and loss account 3,813,590 (22,191) 3,791,399
---- ---- ----
Equity shareholders' funds 10,938,976 8,626,295 19,565,271
==== ==== ====
Number of shares in issue 12,566,147 9,145,990
Net asset value per 1p Share 87.05p 94.32p
Note: the adjustment above nets off the inter-fund debtor and creditor
balances, so that the "Total of both funds" balance sheet agrees to the
Statutory Balance Sheet.
Profit and Loss Account
For the year ended 30 April 2006
Year ended Year ended
30 April 30 April
2006 2005
(restated)
Revenue Capital Total Revenue Capital Total
£ £ £ £ £ £
Unrealised
(losses)/gains on
investments held
at fair value - (1,458,362) (1,458,362) - 2,019,254 2,019,254
Realised
gains/(losses) on
investments held
at fair value - 2,588,791 2,588,791 - (2,046,104) (2,046,104)
Income 311,585 - 311,585 187,898 - 187,898
Investment
management fees (72,107) (216,322) (288,429) (61,546) (184,639) (246,185)
Other expenses (299,800) - (299,800) (225,097) - (225,097)
---- ----- ---- ---- ---- ----
Profit/(loss) on
ordinary
activities before
income tax (60,322) 914,107 853,785 (98,745) (211,489) (310,234)
Tax on ordinary
activities - - - - - -
---- ---- ---- ---- ---- ----
Profit/(loss) on
ordinary
activities after
taxation (60,322) 914,107 853,785 (98,745) (211,489) (310,234)
==== ===== ===== ==== ==== ====
Earnings per share
Ordinary Shares (0.49)p 7.40p 6.91p (0.76)p (1.63)p (2.39)p
C Shares 0.05p (0.61)p (0.56)p
All the items in the above statement derive from continuing operations. No
operations were discontinued in the year. There were no other gains or losses
in the year.
The total column of this statement is the profit and loss account of the
Company.
Note of Historical Cost Profits and Losses
For the year ended 30 April 2006
Year ended 30 Year ended 30
April 2006 April 2005
(restated)
£ £
Profit/(loss) on ordinary activities
before taxation 853,785 (310,234)
Less unrealised losses on investments (1,458,362) 2,019,254
Add realisation of revaluation gains of
previous years 480,868 1,752,705
----- -----
Historical cost (loss)/profit on ordinary
activities before taxation (123,709) 3,461,725
==== ====
Historical cost (loss)/profit for the period after
taxation and dividends (1,659,832) 3,461,725
==== ====
Balance Sheet
As at 30 April 2006
30 April 2006 30 April 2005
(restated)
£ £
Non current assets
Assets held at fair value through 5,643,559 8,531,073
profit and loss
Monies held pending investment 9,751,436 1,858,823
----- -----
15,394,995 10,389,896
Current assets
Debtors and prepayments 1,936,269 61,491
Cash at bank 2,462,495 1,474,386
----- -----
4,398,764 1,535,877
Creditors: amounts falling (228,488) (145,561)
due within one year
----- -----
Net current assets 4,170,276 1,390,316
----- -----
Net assets 19,565,271 11,780,212
----- -----
Capital and reserves
Called up share capital 217,121 128,209
Capital redemption reserve 6,145 3,597
Share premium account 8,557,026 -
Cancelled share premium account 8,034,754 12,009,435
Capital reserve - unrealized (1,041,174) 898,056
Profit and loss account 3,791,399 (1,259,085)
----- -----
Equity shareholders' funds 19,565,271 11,780,212
----- -----
Net asset value per share
Ordinary shares 87.05p 91.88p
C shares 94.32p
Reconciliation of Movements in Shareholders' Funds
for the year ended 30 April 2006
Year to Year to
30 April 2006 30 April 2005
(restated)
Opening shareholders' funds 11,780,212 12,260,703
Restated for the application of new
accounting policies - (27,856)
----- -----
11,780,212 12,232,847
Net share capital subscribed/(bought back)
in the year 8,467,397 (154,283)
Profit/(loss) for the year 853,785 (298,352)
Dividends paid in year (1,536,123) -
----- -----
Closing shareholders' Funds 19,565,271 11,780,212
----- -----
Cash flow Statement
For the year ended 30 April 2006
Year ended Year ended
30 April 2006 30 April 2005
£ £
Net cash outflow from operating activities (227,203) (230,608)
Taxation
UK corporation tax paid - -
----- -----
Net cash outflow (227,203) (230,608)
----- -----
Capital expenditure and financial
investment
Purchase of investments - equities and (3,286,309) (952,574)
loan stock
Disposal of equities and loan stock 5,462,960 675,341
----- -----
Net cash inflow/(outflow) from investing 2,176,651 (277,233)
activities
Dividends
Equity dividends paid (1,536,123) -
----- -----
Net cash inflow/(outflow) before financing 413,325 (507,841)
and liquid resource management
Financing
Purchase of own shares (181,089) (154,283)
Share capital raised 8,648,486 -
----- -----
Net cash inflow/(outflow) from financing 8,467,397 (154,283)
Management of liquid resources
Movement in money market investments (7,892,613) 2,971
----- -----
Net cash inflow/(outflow) as at 30 April 2006 988,109 (659,153)
===== =====
Notes:
1. The accounts have been prepared under the historical cost
convention, modified to include the revaluation of investments, and in
accordance with the Companies Act 1985, with applicable accounting standards in
the United Kingdom and with the Statement of Recommended Practice, 'Financial
Statements of Investment Trust Companies'.
As a result of the Directors' decision to distribute capital profits by way of
a dividend, the Company revoked its investment company status as defined under
section 266 (3) of the Companies Act 1985, on 7 September 2005.
Consequently, these financial statements include a statutory profit and loss
account in accordance with Schedule 4 of the Companies Act 1985 and Financial
Reporting Standard 3 "Reporting Financial Performance" and the comparatives
have been presented on a consistent basis. This has no effect on total returns
or net assets per share. These statements, however, differ from the Statement
of Total Return presented previously as follows:
(i) profits/(losses) on realisation of investments are now included in the profit
and loss account;
(ii) all investment management fees are charged to the profit and loss account.
2. With effect from 1 May 2005, The Company has adopted the
following Financial Reporting Standards (FRS):
FRS 21 (Events after the Balance Sheet Date) - Dividends paid
by the Company are accounted for in the period in which the Company is liable
to pay them. Previously, the Company accrued dividends in the period in which
the net revenue, to which those dividends related, was accounted for.
FRS 25 (Financial Instruments: Disclosure and Presentation) and
FRS 26 (Financial Instruments: Measurement) - The Company has designated its
investment assets as being measured at "fair value through profit and loss".
3. The net asset value per Ordinary Share is based on net assets at
the end of the year, and on 12,566,147 Ordinary Shares (2005: 12,820,098),
being the number of Ordinary Shares in issue on that date.
The net asset value per C Share is based on net assets at the
end of the year, and on 9,145,990 C Shares (2005: nil), being the number of C
Shares in issue on that date.
The revenue return per Ordinary Share is based on the loss attributable to
equity Shareholders of £62,412 and is based on 12,679,005 Ordinary Shares,
being the weighted average number of Ordinary Shares in issue during the
period.
The revenue return per C Share is based on the return
attributable to equity Shareholders of £2,090 and is based on 3,939,573 C
shares, being the weighted average number of C Shares in issue during the
period.
5. 75% of the fees payable to the Investment Manager are charged
against realised capital reserve. This is in line with the Board's intended
long-term split of returns from the investment portfolio of the Company.
6. The financial information set out in these statements does not
constitute the Company's statutory accounts for the year ended 30 April 2006
but is derived from those accounts. Statutory accounts will be delivered to
the Registrar of Companies after the Annual General Meeting.
7. The Annual Report will be circulated by post to all Shareholders
shortly and copies will be available thereafter to members of the public from
the Company's registered office.
The Annual General Meeting of the Company will be held at 2.00 pm on 5
September 2006 at One Jermyn Street, London SW1Y 4UH. The Annual General
Meeting will be followed by separate class meetings of the holders of Ordinary
Shares and C Shares.
Tuesday, 4th June 2024
COMPANIES COVERED:
Latest directors dealings
- 7 hours ago National Grid
- 7 hours ago Bank of Georgia Group
- 7 hours ago Staffline Group
- 7 hours ago TT Electronics
- 8 hours ago Great Portland Estates