CHRISTIE GROUP PLC

CHRISTIE GROUP PLC

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Company Overview
Christie Group PLC, with registered office address in London, United Kingdom, is the holding company of a group of companies covering a range of related activities, principally business valuation and agency, consultancy, funding, insurance broking, quality assurance, business appraisal, stock audit and epos and stock control software in the hospitality, leisure, healthcare and retail sectors. The company was founded in 1935 through the acquisition of Christie + Co by Philip Gwyn. It was incorporated in 1948.
Christie Group’s activities specifically focused on the leisure, retail and care sectors, such as hotels, pubs and bars, restaurants, sports and fitness centres, cinemas and entertainment venues, supermarkets and convenience stores, fashion and footwear outlets, jewelry and accessories shops, pharmacies, homecare, dental practices and daycare and childcare centres. Christie Group’s operating divisions comprise the Professional Business Services, Software Solutions and Stock and Inventory Services. The company’s business expanded throughout Southern England to Northern Scotland and Ireland and established 14 regional offices in the United Kingdom, as well as in Paris (France), Frankfurt (Germany), Barcelona (Spain), Belgium, Canada, and Italy. Christie Group is active in Europe, Asia, the United States of America, and Africa.
Christie Group’s vision is to continue to flourish as a business services and software group serving the needs of predominantly European and North American clients. Further, its objective is to build on its substantial strengths and successes in its chosen sectors, with the aim of growing its business through product development, new services and appropriate acquisitions and strategic alliances – while best serving its customer’s needs.
Some of Christie Group’s subsidiaries are Pinders Professional and Consultancy Services Limited, a company that provides specialist professional services to the legal and banking professions on the healthcare, retail, licensed and leisure sectors; Venners PLC, which is engaged in the provision of business services as well as information systems; Christie and Company, a company active in the retail of stationeries; and RCC Business Mortgage Brokers PLC, a business mortgage broker.
Business Summary
The Company is the parent undertaking of a group of companies covering a range of related activities. These fall into three divisions – Professional Business Services, Software Solutions and Stock and Inventory Services. Professional Business Services principally covers business valuation, consultancy and agency, mortgage and insurance services, and business appraisal. Software Solutions covers EPoS, head office systems and supply chain management. Stock and Inventory Services covers stock audit and counting, compliance and food safety audits and inventory preparation and valuation, hospitality and software cinema.
Description and history
The Company is the parent undertaking of a group of companies covering a range of related activities. These fall into three divisions – Professional Business Services, Software Solutions and Stock and Inventory Services. Professional Business Services principally covers business valuation, consultancy and agency, mortgage and insurance services, and business appraisal. Software Solutions covers EPoS, head office systems and supply chain management. Stock and Inventory Services covers stock audit and counting, compliance and food safety audits and inventory preparation and valuation, hospitality and software cinema.

HISTORY :

The Company was incorporated on 9 January 1980 and listed to the Alternative Investment Market of London Stock Exchange on 10 November 2005.

In 1974, the founder directors sold the business to a company of which the current Company Chairman, Philip Gwyn, was a director and substantial shareholder. From then on Christie + Co expanded out of southern England and into the North, Scotland and Ireland until it had established 14 regional offices throughout the UK. From the late 1990s onwards, and building on its international work, Christie + Co established itself in mainland Europe with the opening of offices in Paris, Frankfurt and Barcelona.

In 1977, the Company established Christie First (re-branded from RCC in 2001) in London, to provide related financial services. Christie First has recently established a network of offices covering the whole of the UK.

In 1984, Venners, the largest licensed trade stock auditing company, which was founded in 1896, was acquired by the Group. More recently Venners established a Retail Division.

In 1986, Pinders joined the Company. The Pinder name has been synonymous with the appraisal and valuation of businesses and business premises since the company’s foundation in 1969. As such, the acquisition of Pinders brought additional skills and expertise to the Group.

In 1994, the Company acquired a private software company, which later became Venners Computer Systems (VCS). The software solutions side of the Group’s business was developed further by acquiring Vision Associates in 1999 and Groupe Timeless SA in 2000. The software business has since been re-branded under the name, VcsTimeless. Its areas of expertise are hospitality businesses, cinemas, visitor attractions and fashion and speciality retailers. New operations have been established in Canada, Spain and Italy and VcsTimeless trades elsewhere through appointed distributors.

In 2002 the Company acquired Orridge (founded in 1846). Orridge is Europe’s leading stocktaker focusing on the high street retail sector and complements Venners’ licensed stocktaking operation. The acquisition of Orridge gave the Group a stocktaking foothold in mainland Europe with its subsidiary in Belgium, and provided Christie Group with the most substantial UK businesses in these areas.

In 2004, the Company acquired West London Estates, which extended the range of building consultancy services provided by Pinders to a cross-section of corporate, private and public sector clients.

Company was floated on the London Stock Exchange in 1988 and moved to AIM (Alternative Investment Market) on Thursday 10th November 2005. Today, it operates under three divisions – ‘Professional Business Services’, ‘Software Solutions’ and ‘Stock and Inventory Services’. It has offices in 7 countries (Belgium, Canada, France, Germany, Italy, Spain and the UK) and does business in nearly 50 countries worldwide. It employs over 1,000 full-time employees.

In 2006, Christie Group purchased the outstanding minority interest in Orridge SA (Belgium)

In 2008, Christie Group disposed of VcsTimeless (Retail) and established Vennersys

Founded through the acquisition of Christie + Co by Philip Gwyn

Business Line
Holding company of a group of companies covering a range of related activities, principally business valuation and agency, consultancy, funding, insurance broking, quality assurance, business appraisal, stock audit and epos and stock control software
Subsidiary
CAPCON HOLDINGS PLC
Advisor
NEXIA SMITH & WILLIAMSON AUDIT
IPO date
11/10/2005
US SIC Code
7372
Company Address
39, Victoria Street

City province or state postal code
SW1H 0EU, LONDON
Phone: +44 20 7227 0707
Fax:
Country address: UNITED KINGDOM
Website url: www.christiegroup.com