Filta Group - decent results but change in business mix looks puzzling
We liked the look of Filta Group (LON:FLTA) on its AIM arrival in November 2016, largely because of the seemingly substantial growth opportunity in North America where it already has a substantial presence. It appeared to possess those perfect investment credentials of a simple well-managed business, supporting a boring service, which is in regular demand - there are even some environmental attractions.
Filta Group Holdings PLC is a group of businesses providing cooking oil, micro-filtration services and total fryer management to over 5,000 commercial kitchens in the United States, United Kingdom and mainland Europe.
The acquisition of Watbio in December 2018 for £6.9m, a UK based provider of grease management and drain services to commercial kitchens in the UK, has altered the balance of operations.
Decent interim results but a different business evolves
Revenue for the 6 months ending 30 June 2019 rose 86% to £12.2m, boosted by the acquisition of Watbio which contributed…
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This article was written by experts from Fundamental Asset Management.
Specialist Inheritance Tax (IHT) investment management firm, Fundamental, has unrivalled knowledge of AIM and smaller quoted companies. Fundamental has successfully managed AIM portfolios for IHT planning purposes since 2004, delivering outstanding growth for its clients, well ahead of mainstream funds and stock market indices.
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