Feeds

Spring cleans up its training portfolio

MBO team snaffle up franchise business

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Spring Group PLC has tidied up its training portfolio with the £6 million disposal of its Pitman franchised businesse and The Training Corporation (Springs Sales Skills ) to an MBO team. Spring gets £2.4 million in cash and retains 19.9 per cent of the equity. It also retains £1.9 millin in cash that was in the balance sheet of the businesses being sold, and it retains two freehold properties owned by the Training Corporation worth approximately £600,000. It is also keeping five Spring Learning Centres which deliver Pitman courses. The net assets for these operations are worth £600,000. After writing down the minority investment in the MBO operation to nil, Spring will record a pre-tax loss of £1.8 million on the disposal. The company said franchise businesses were non-core. The divestment also reflected its desire to spend management time on bigger Spring-branded businesses.® The franchise MBO team is backed by NatWest and 3i. Click here for more stories

Combat fraud and increase customer satisfaction

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.