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MBH CORPORATION SEES HUGE GROWTH IN TRAINING COMPANIES ADAPTING TO A CHANGING BUSINESS WORLD

DGAP-News: MBH Corporation Plc / Key word(s): Miscellaneous
MBH CORPORATION SEES HUGE GROWTH IN TRAINING COMPANIES ADAPTING TO A CHANGING BUSINESS WORLD
04.05.2022 / 12:16
The issuer is solely responsible for the content of this announcement.

 

4 May 2022, London: MBH Corporation plc (MBH), a diversified investment holding company, has seen its portfolio of training companies report robust growth this year, fuelled by a huge increase in online sales and a growing skills shortage caused by Brexit.

MBH Corporation owns 28 companies, nine of which are focused on the training sector and are based in the UK. Four of these companies were acquired in 2020 during the worst of the Coronavirus crisis.

The nine training companies, which include Acacia Training, Logistica and Academy 1 Group, and which cover everything from vocational qualifications, health and social care to sports and fitness training, saw combined 2021 audited statutory revenue increase to £13.5m which is an increase of 87% when compared to the same period last year.

MBH Corporation expects many companies to increase their expenditure on the training of staff as they look to tackle the UK’s worsening skills shortage, growing social mobility gap, and better managing an ageing workforce. It says some of these issues have been exacerbated by Brexit with many EU citizens leaving the UK. All of this means quality skills and training provision are becoming increasingly important for employers and the UK government.

Callum Laing, CEO of MBH Corporation: “In many ways, the Coronavirus crisis has transformed the training industry. More courses are now conducted online, which means more people can train, and companies in the sector have become more digitised, which has resulted in greater efficiencies and in some areas better customer service.

Our portfolio of training companies contributes around 12% of our overall revenue, and with strong market prospects, we expect this to increase.”

MBH recently posted a significant 94% growth in revenue in 2021 (Financial year ending 31 December 2021). Furthermore, earnings before interest and taxes (“EBIT”) increased by 224% to £5.2 million.

MBH currently has 28 successful and profitable small businesses in its portfolio and will continue its highly focused growth of well-established profitable small businesses across multiple geographies and industries.

MBH companies maintain their own autonomy, deliver around GBP500,000 – GBP10m EBIT and are generally still run by their founders who become co-owners of MBH.

By leveraging its unique Agglomeration™ model, MBH can create substantial shareholder value through the consistent and accretive acquisition of excellent companies. With Agglomeration™, profitable companies convert their private shares into public shares or bonds in MBH Corporation plc in a perpetual earn-in model. Company owners are then incentivised to accelerate their growth trajectory using the resources of the plc including expertise, skill transfer of best-in-class practices, cross-selling to other Group companies and where appropriate, zero cost funding for new growth projects.

Each Group company retains its autonomy and follows appropriate corporate and financial governance. Business owners are also incentivised financially to enhance shareholder value through a share bonus scheme aligning their interests with public shareholders.

About MBH
MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges and the OTCQX® in the United States. The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging its Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.

www.mbhcorporation.com

Contacts for media enquiries:
MBH Corporation plc, Nicholas Ferguson, mbhpr@thistlework.co, +65 9452 0613


04.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:

English

Company:

MBH Corporation Plc

Studio 7-9, Royal Patriotic Victoria Building, Joh

SW18 3SX London

United Kingdom

E-mail:

info@mbhcorporation.com

Internet:

https://www.mbhcorporation.com/

ISIN:

GB00BF1GH114

WKN:

A2JDGJ

Listed:

Regulated Unofficial Market in Dusseldorf, Frankfurt

EQS News ID:

1343437


 

End of News

DGAP News Service

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