The Group operates a construction management business and have recently extended its expertise into property development.
The Directors’ decision to seek admission to the NEX exchange reflects, amongst other things, the relative costs of maintaining a quotation on AIM and the limited liquidity in the Company’s shares on that market. In the light of this, the Directors have concluded that ISDX would be a more appropriate venue for the Company’s shares to trade in the future. The Company has sent a notice to shareholders convening a general meeting for 4 January 2017 to seek approval to cancel its listing on AIM. At the general meeting the vote was successful for delisting from Aim and listing on the NEX growth market with the AIM cancellation effective from 7 am on 12 January 2017.
Formation Homes (London) Ltd was formed in 2014 to carry out property development activity as it was felt that it would form a large part of future profits for the Group and enhance shareholder value in the medium term.
In December the Group disposed of its Investment Management businesses in order to concentrate on its property business.
On 24th August 2009, the Group divests itself of 5 of its 9 management and professional services businesses for a total consideration of £16.43m in order to focus on its property and investment businesses.
Substantial re-branding work undertaken to develop the ‘Formation’ name into a trading, as well as holding company brand entity. Five of the nine Group subsidiaries are Formation in name with others to follow in due course.
On 29th February 2008, the Group acquires the total issued share capital of James Grant Media Group Ltd (“JGMG”) a specialist media talent management business based in West London. JGMG, established in 1984, provides contract and commercial management services to clients across all sectors of the entertainment industry in the UK and US. Primarily its clients work in primetime TV and on radio.
On 31st August 2007, Formation Group PLC acquires 90% of the total issued share capital of OJ Kilkenny & Co Ltd (“OJK”), a London based accountancy practice specialising in advising clients in the entertainment and sporting industries. OJK’s principle accountancy activities include tax advice, accounts preparation and royalty examinations.
Formation Group PLC acquire from David Kennedy and the David Kennedy Family Trust, Columbia Design & Build Ltd (since renamed Formation Design & Build Ltd), an established property development and management business with skills including quantity surveying, construction and civil engineering and construction management enabling the Group to offer bespoke investments to its client base and the wider investment community.
Formation Group PLC companies Fox and RC&A purchase a portable LED system to further increase
the Group’s presence in the arena of perimeter advertising.
Formation Groups Wealth Management subsidiary Kingsbridge Asset Management Ltd, establish
a joint venture company, CBG Sports Ltd. The joint venture will provide general insurance services
to the existing clients of Kingsbridge and to new clients in the sporting arena.
Formation Group PLC completes the disposal of the Sports Marketing division to Sportfive Gmbh
& Co KG.
Formation Group PLC acquires Capital Sports Solutions, a new financial services business.
The acquisition will add substance and scale to the Legal & Professional Services Division
and is another step forward in the implementation of the Group’s strategic model.
Formation Group PLC acquire RC&A Sports Management, an established perimeter advertising
and corporate hospitality business. The acquisition shows further commitment to the development
of the Sports Marketing Division.
The Group acquire Sponsormatic APS, a perimeter advertising company based in Copenhagen, servicing Northern Europe . The acquisition represents another step forward in the implementation of our strategy to develop the Group as the market leader in providing an integrated sports service.
Proactive Sports Group PLC is renamed Formation Group PLC to position itself for future growth and more accurately reflect the company’s market position and direction. The company offers fully integrated sports marketing and management services to blue chip brands, sporting bodies, clubs and elite athletes. Proactive Sports Marketingis renamed Active Sports Marketing, reflecting the increasing importance of Sports Marketing within the Group and position the company to capitalise better on its market position as a brand facing, full service sports marketing agency.
Neil Rodford is appointed as Chief Executive.
The Group forms a Wealth Management Division through the acquisition of Kingsbridge Asset Management Ltd . Kingsbridge provide financial services and advice to a client base which includes
over 600 UK based professional footballers, managers and coaching staff. In addition, the company
also advises clients from other sports such as Rugby, Cricket, Golf and Racing. The acquisition will
form the basis of a new Wealth Management Division for the Group.
The Group forms Legal & Professional Services Division to offer legal and accountancy expertise
to its clients through a range of preferred suppliers.
The Group acquire certain assets of leading sports management company International Sports Management Group Ltd . The acquisition of these assets brings Proactive’s represented player total
to 376 in addition to adding a further six FIFA registered agents to the Group. The transaction further consolidates Proactive’s position in the market place. The assets are merged into existing operating companies. The Group acquire Fox Sports Ltd (t/a Fox Advertising), one of the UK ‘s leaders in sports Ground Advertising, Corporate Hospitality, Project Management and Consultancy. Fox also represents several Premier League clubs and provides marketing solutions to athletics and rugby. The addition of Fox adds further strength and depth to the Sports Marketing division.
Neil Rodford is appointed as Chief Operating Officer, to oversee the transformation of the Group
into a broader and fully integrated sports management business.
Company floated on AIM with a market capitalisation of £32m.
Proactive Sports Group PLC is established as a multi-faceted organisation with 3 core areas
- Representation Division – Providing professional management services to both players
and clubs in the football sector.
- Sports Marketing Division – A specialist service division dealing with all aspects of sports marketing.
- Hospitality & Events Division – Organising corporate hospitality packages at football matches
and other major sporting events.
The Group acquires Tempo Management A/S, a leading Danish representation business.
Building on its success in Player Representation, Proactive Sports Management launches a Hospitality
& Events Division to provide exclusive football hospitality packages and other bespoke events services to individuals and corporate clients.
Proactive Sports Management is incorporated on 26th August by former football internationals Kevin Moran and Jesper Olsen, and founding Director Paul Stretford.