Insights

Corporate News Roundup – June 2021

Posted Wednesday 30th June 2021


Losses at Revolut double to £207m as revenue growth slows

Fintech giant Revolut has published its latest financials, stating a £207m loss. The figure has nearly doubled from 2019 despite an increase in revenues. The company has been investing heavily in its growth after a closing a $500m fundraise in February 2020. In other news, Revolut looks set to become a UK bank…

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List: 23 most active VCs outside of the capital

The UK is the venture capital hub of Europe with London often driving the majority of that investment. However, there are plenty of venture capital funds across the rest of the UK and Beahurst have profiled the 23 most active.

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Survey: What European founders think of going public

As the start-up scene is flush with investment at present, it is likely that the future is set to bring a record number of IPOs as founders look to exit. Does listing on the market provide the best option for founders and what do they think about it? Slush have surveyed 203 European founders to find out what they think of going public.

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COVID-19: Current advice for businesses

While it begins to look like lockdown will soon be over for the majority of us (fingers crossed) there are still many businesses suffering the effects of months of low trading. The support and resources on offer to these business have changed but, importantly, have not stopped. Our latest summary of advice for businesses details the options available.

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Joelson advises Addison Lee on its acquisition of the London operations of Computer Cab

The acquisition will see Addison Lee take over the London fleets of Computer Cab plc (ComCab), City Fleet Networks, and Flightlink creating London’s largest managed private hire and black taxi firm. This is the first time it Addison Lee has acquired a company which operates a black taxi offering.

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This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.


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