Marlowe acquires employment law compliance firm Deminos Consulting
Marlowe
500.47p
13:09 26/04/24
-0.90%
-4.53p
Specialist services group Marlowe has acquired subscription-based HR and employment law compliance firm Deminos Consulting.
FTSE AIM 100
3,639.10
13:35 26/04/24
n/a
n/a
FTSE AIM All-Share
755.08
13:35 26/04/24
n/a
n/a
Support Services
10,584.16
13:35 26/04/24
0.57%
60.41
Marlowe snapped up Deminos on Friday, which provides services to a range of small-to-medium enterprises across the UK, for a total of £700,000 - funded from the group's existing cash and debt facilities
The AIM-listed group said Deminos would be integrated into its Law At Work subsidiary.
In the year ended 31 July 2019, Deminos generated revenues of £1m and underlying earnings of £200,000.
As of 0955 BST, Marlowe shares were up 0.71% at 498.49p.