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The only north west business to float on the stock market this year raised �3.4m when it began trading on the AIM market of the London Stock Exchange this morning. (28.11.11)
The flotation of the energy procurement and management business Inspired Energy values the company at �10.6m.
peawacks - 29 Nov'11 - 11:13 - 2 of 3
The Kirkham, Lancashire-based business currently manages and negotiates approximately 800 gas and electricity supply agreements on behalf of approximately 460 customers.
In the year to June 30 Inspired generated revenues of �2.86m with adjusted pre-tax profits of �1.59 million.
The shares are trading 1p above their launch price of 3p.
Bought some of these today