Annuncio • Jan 29
Clinical Negligence Services Limited agreed to acquire business and assets from The Ince Group plc (AIM:INCE) for £1.3 million. Clinical Negligence Services Limited agreed to acquire business and assets from The Ince Group plc (AIM:INCE) for £1.3 million on January 27, 2023. In the financial year ended 31 March 2022, the Practice generated revenue of £2.2 million and profits before tax of £0.4 million. The Disposal is expected to complete during February 2023, subject to binding contracts being entered into and conditions being satisfied, including the approval of Ince's principal lending bank. Jeremy Porter and Piers Shimwell of Allenby Capital Limited acted as financial advisor to The Ince Group plc. Annuncio • Jan 18
Zeus Capital Limited acquired Arden Partners plc from The Ince Group plc (AIM:INCE) for £3 million. Zeus Capital Limited entered into an agreement to acquire Arden Partners plc from The Ince Group plc (AIM:INCE) for £3 million on November 16, 2022. Ince will receive consideration of £1.0 million, payable in cash on completion of the Disposal, on the basis of, inter alia, there being £1.0 million of free cash in Arden and no material outstanding debt. In addition, there will be earnout consideration payable by Zeus of up to £2.0 million based on certain Arden revenues received by Zeus in the three months following completion of the Disposal. As of January 3 2023, the transaction has received FCA approval. As of January 12, 2023, the board of directors of the Ince and Zeus are agreed and announced completion date and the Disposal is expected to complete on January 16, 2023. Allenby Capital Limited acted as a financial advisor to Ince Group.
Zeus Capital Limited completed the acquisition of Arden Partners plc from The Ince Group plc (AIM:INCE) on January 16, 2023. Board Change • Dec 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Simon Howard is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Nov 24
The Ince Group plc has completed a Follow-on Equity Offering in the amount of £4.735598 million. The Ince Group plc has completed a Follow-on Equity Offering in the amount of £4.735598 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 78,758,648
Price\Range: £0.06
Security Name: Ordianary Shares
Security Type: Common Stock
Securities Offered: 167,985
Price\Range: £0.06
Transaction Features: Subsequent Direct Listing Annuncio • Nov 17
The Ince Group plc (AIM:INCE) entered into an agreement to acquire Arden Partners plc from The Ince Group plc (AIM:INCE) for £3 million. The Ince Group plc (AIM:INCE) entered into an agreement to acquire Arden Partners plc from The Ince Group plc (AIM:INCE) for £3 million on November 16, 2022. Ince will receive consideration of £1.0 million, payable in cash on completion of the Disposal, on the basis of, inter alia, there being £1.0 million of free cash in Arden and no material outstanding debt. In addition, there will be earnout consideration payable by Zeus of up to £2.0 million based on certain Arden revenues received by Zeus in the three months following completion of the Disposal. Annuncio • Nov 10
The Ince Group plc Announces Appointment of Jennette Newman to the Board as an Executive Director The Ince Group plc announced the appointment of Jennette Newman to the Board as an Executive Director with immediate effect. Jennette is an experienced lawyer having held senior business roles as a Partner at both Clyde & Co LLP and BLM LLP where she held a number of positions including responsibility for operational transformation and modernisation, and sector growth, both in respect of internal business-related strategy and externally in market and client-facing roles, covering client delivery models and strategic new business sector penetration. Jennette is Ince's Head of Insurance and the Managing Partner of the Group's legal business in the UK. Jennette also has many years of technical expertise in insurance law, claims and defence litigation, advising insurers, reinsurers, intermediaries, corporates, and other risk carriers. She has a wealth of experience dealing with highly sensitive multi-party, multi-jurisdictional, and high-value and complex claims. Annuncio • Sep 16
PPJ Oiltax Partners LLP agreed to acquire CW Energy LLP from The Ince Group plc (AIM:INCE). PPJ Oiltax Partners LLP agreed to acquire CW Energy LLP from The Ince Group plc (AIM:INCE) on September 15, 2022. As per the terms of deal there will be no consideration received from the disposal, Ince will no longer be liable to pay the original vendors £2.9m of deferred consideration and this amount will be removed from the Group's balance sheet on completion of the disposal. Jeremy Porter and of Piers Shimwell Allenby Capital Limited acted as financial advisor to The Ince Group plc. Board Change • Sep 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Simon Howard is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 12
The Ince Group plc Announces Management Change The Ince Group plc announced that Adrian Biles has been removed as a director of the Company with immediate effect, as a result of circumstances which may give rise to a conflict of interest between Adrian Biles and the Company. As announced on 28 July 2022 and stated in the Company's circular to shareholders on the same date, as part of the Company's recent fundraising, Adrian Biles indicated his intention to step down as CEO and resign from the Board, subject to and with effect from the conclusion of the fundraising (which concluded on 16 August 2022). In addition, the Board of Ince announces that, following an expedited process and subject to final approval by the Solicitors Regulation Authority, Jillian Watt has replaced John Biles as Head of Finance and Administration ("HoFA"). Annuncio • Sep 07
The Ince Group plc, Annual General Meeting, Sep 30, 2022 The Ince Group plc, Annual General Meeting, Sep 30, 2022, at 10:00 Coordinated Universal Time. Location: Aldgate Tower, 2 Leman Street, London, United Kingdom Annuncio • May 23
The Ince Group plc Provides Earnings Guidance for the Year Ended March 31, 2022 The Ince Group plc provided earnings guidance for the year ended March 31, 2022. For the year, the company expected to report pre-tax profits to be short of market expectations. Annuncio • Mar 29
Ince Launches InceDemurrage for Maritime Sector Ince announced the launch of InceDemurrage, a fully integrated, one-stop demurrage solution for clients operating in the maritime sector. InceDemurrage is the collaboration of Ince and Demurrage Desk, the industry experts and certified laytime and demurrage specialists that utilise the latest technology to provide insightful advice for claims management, collection, and dispute resolution. This is the third of the new services launched by Ince bringing together law, consultancy and technology for the maritime sector. The first being in relation to Cyber risk and its collaboration with USA Cyber specialists Mission Secure and the second addressing Sanctions risk and Compliance together with AI solutions provider Windward. InceDemurrage is an integrated expert demurrage and laytime insights and analysis service. It combines Demurrage Desk's expert despatch and demurrage analysis specialism, expertise and advice with Ince's wealth of legal advisory experience in demurrage claims and disputes. This is underpinned by Demurrage Desk's technology for fully digitalised demurrage and laytime tracking and calculation. The offering aims to develop more integrated solutions, streamlining the demurrage process involving Internet of Things and Blockchain technology which is expected to be market leading. The InceDemurrage proposition ensures accurate and timely demurrage invoicing, structured demurrage income recovery and dispute handling, precise and streamlined laytime and demurrage calculations, and the avoidance of a backlog of claims. This is strongly complemented with an over-arching legal advisory, including: Laytime and demurrage processing (through Demurrage Desk's solutions)Dispute resolution and case follow-up; Building of historical overview and insight; Demurrage contract and clause drafting and review; Claims management and exchange; Development of bespoke systems, application, and internet of things technology to improve the customer experience The service is specifically aimed at shipowners, vessel operators, charterers, traders, P&I Clubs, and any other organisation that works with laytime and demurrage and requires insight, clarity, collection, dispute resolution and streamlining of demurrage and laytime processes. Reported Earnings • Dec 11
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: UK£0.026 (up from UK£0.024 in 1H 2021). Revenue: UK£49.9m (up 4.8% from 1H 2021). Net income: UK£1.76m (up 7.6% from 1H 2021). Profit margin: 3.5% (up from 3.4% in 1H 2021). Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 9.0%, compared to a 9.4% growth forecast for the industry in Germany. Board Change • Nov 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, Managing Partner & Director Adrian Biles is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, Managing Partner & Director Adrian Biles is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 30
Insider recently bought €115k worth of stock On the 27th of October, Emily Cox bought around 200k shares on-market at roughly €0.57 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Oct 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, Managing Partner & Director Adrian Biles is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 08
Full year 2021 earnings released: EPS UK£0.018 (vs UK£0.11 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: UK£100.2m (up 4.0% from FY 2020). Net income: UK£1.25m (down 73% from FY 2020). Profit margin: 1.2% (down from 4.9% in FY 2020). Executive Departure • Aug 03
Non-Executive Director Peter Rogan has left the company On the 26th of July, Peter Rogan's tenure as Non-Executive Director ended after 2.6 years in the role. We don't have any record of a personal shareholding under Peter's name. Peter is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.54 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jul 28
Full year 2021 earnings released: EPS UK£0.018 (vs UK£0.12 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: UK£100.2m (up 1.8% from FY 2020). Net income: UK£1.25m (down 74% from FY 2020). Profit margin: 1.2% (down from 4.9% in FY 2020). Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Simon Howard was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
