BTG Consulting acquires specialist solvent liquidations website

(Sharecast News) - Financial and real estate advisory firm BTG Consulting has acquired MVLOnline.co.uk, a specialist solvent liquidations website.

BTG said the acquisition of MVLOnline.co.uk, which provides a fixed-fee service to carry out simple Members' Voluntary Liquidations, will see its trade and assets integrated into the firm's online and digital offering for businesses and business leaders.

The AIM-listed firm stated the addition of MVLOnline.co.uk to its wider portfolio would complement its "strong online and offline advice for businesses and directors", while also providing visitors to the MVLOnline.co.uk website with access to BTG's other financial and real estate advisory services.

BTG added that the deal follows its recent acquisition of the business recovery and insolvency team from South-West-based Lameys Accountants, continuing a period of growth for the group.

Financial terms of the deal were not disclosed.

Chief executive Mark Fry said: "Acquiring MVLOnline.co.uk offers BTG the opportunity to further invest in our successful digital platform. The MVLOnline.co.uk business is well established in its market of providing solvent liquidation services to business owners in specific situations.

"Broadening our digital offering to include this additional route to market enhances our Group's digital footprint and provides clients with access to BTG's broader range of services."

As of 0900 BST, BTG shares were up 1.26% at 126.58p.









Reporting by Iain Gilbert at Sharecast.com

See latest RNS on Investegate