Essential reading for education companies worldwide
Remember me:
Skip Navigation LinksEI article
Electric Word sells Radcliffe Publishing

Electric Word, the media and training group, has sold the trade assets of its loss-making subsidiary Radcliffe Publishing to Informa. 

Radcliffe Publishing is part of the firm’s health division, publishing books and products that support the professional development of doctors, managers and professionals in health.
The consideration is £1 million in cash, less a £43,000 adjustment for deferred revenue at completion. £857,000 will be payable on completion and £100,000 on the first anniversary of the completion date. 

Electric Word said the proceeds would be used for general working capital purposes and to fund investment in other areas of the business. It said Radcliffe was no longer core to its strategy.

In the year ended 30 November 2014, Radcliffe made a loss before tax of £326,000 on turnover of £1.2 million.

The value of the gross assets of Radcliffe Publishing at 30 November 2014 was £1.3 million.

Electric Word is a specialist media group supporting professional education, compliance and management. It is listed on the London Stock Exchange. 

Informa is also London listed and operates as a publisher, training provider and event organiser internationally. 

Posted on: 22/06/2015

Latest news

US-based coding franchise Code Ninjas has appointed Grant Smith as its first vice-president of education.
China Online Education Group has announced a third-quarter 2019 loss of ¥5.3 million (£575,000), compared to a third-quarter loss of ¥90.4 million in 2018.
Ambow Education Holding today reported a third-quarter 2019 net loss of ¥72.8 million (£7.9 million).
Unacademy is in discussions to raise $100 million in Series E funding at a valuation of $400 million.
Science Interactive Group has acquired Sheridan, Colorado-based eScience Labs, which offers distance learning science lab kits and curriculum used worldwide.
Operam Education Group has acquired Key Stage Teacher Supply, a Blackburn-based education recruitment agency.
College admissions testing company ACT has appointed Jonell Sanchez as president of learning.
Seattle-based Bamboo Learning has raised $1.4 million of seed financing to expand voice applications and content for education and entertainment.
Riipen, a Vancouver-based start-up which connects college students with employers who can offer course credits for useful projects completed has raised $3.75 million.
US-based children’s coding centre operator Code Ninjas has opened a UK head office in Leamington Spa, Warwickshire.

Europe | UK M&A

Several sizeable private equity-backed UK training providers are set to hit the market in the coming months. Josh O'Neill considers the driving forces behind consolidation in this sector, and why these businesses are likely to fall back into the hands of buyout funds

my images

Europe | Movers & Shakers

Jamie Beaton, the 24-year-old co-founder and chief executive of Crimson Education, gives Simone Rensch a look inside the $245 million business he built while simultaneously getting degrees from Harvard, Stanford and Oxford