Business

By Lord Ashcroft

Press release – 27 October 2022.

Political Holdings – a UK-based media group specialising in current affairs, politics and government – has agreed to acquire a range of Media, Events and Training operations from Merit Group plc, the data and intelligence business, for £4.5m.

The Political Holdings group currently consists of Biteback Publishing (Britain’s leading current affairs publisher), Campaigns & Elections (the non-partisan, non-ideological go-to resource for campaign professionals in the US and Mexico) and ConservativeHome (the UK’s premier independent conservative news and analysis site). (more…)

By Lord Ashcroft

Press release – 27 October 2022.

Merit Group plc (AIM: MRIT), the data and intelligence business, announces that it has agreed to sell the Media, Events and Training operations of its Dods Political Engagement business (together, the “MET Operations”) to Political Holdings Limited, a private company owned by Lord Ashcroft KCMG PC, for a cash consideration of £4.5 million (the “Disposal”).

In the year ending 31 March 2022, the MET Operations generated revenue of £9.3 million and an adjusted EBITDA of approximately £0.5 million, with net assets of £0.5 million as at 31 March 2022. (more…)

By Lord Ashcroft

Read the latest independent report about Merit Group Plc, a company in which Lord Ashcroft is a minority shareholder, on how it is unlocking value through the fast growth B2B data technology and intelligence market (which is worth $1.8tn according to Informa), augmented by its proven strength in specialised human analysis to add further value.

VIEW REPORT …

By Lord Ashcroft

The so-called ‘Paradise Papers’

The BBC has suggested that I may have ignored rules in connection with the Punta Gorda Trust.  (Please note the deliberate inclusion by Panorama of the word ‘may’.)  In fact, I can state unequivocally that I have not ignored rules, and that I do not control the Punta Gorda Trust, and never have done.  Throughout the Trust’s existence, I have never known the identity of any of the Trustees, let alone had any dealings with them.  At no point has it been suggested directly to me, or through others, that I have taken any inappropriate action.  No professional Trustee has ever resigned because of anything I may have done. (more…)

By Lord Ashcroft

To read the full press release please click here.

By Lord Ashcroft

To read the full press release please click here.

By Lord Ashcroft

To read the full press release please click here.

By Lord Ashcroft

To read the full press release please click here.

By Lord Ashcroft

To read the full press release please click here.

By Lord Ashcroft

BB Holdings Limited announces that final agreement has been reached on the terms of the proposed acquisition of the entire issued share capital of Cockleshell Limited.  To read the full press release please click here.