Fintel has sold two of its non-core businesses for £1m as it aims to simplify its overall operations.
It has offloaded Gateway Surveying Services (GSS) and APS Legal & Associates (APS) to Kairos Professional Services, the business confirmed today (23 April). Kairos is owned and run by Neil Stevens, former joint CEO of Fintel and a former director of both businesses. Stevens previously oversaw both firms. Fintel said the disposal was an important step in its plan to simplify its portfolio to focus on its software & data and services operations. GSS provides property valuation services to mainstream UK lenders and generated revenue of approximately £9.7m and EBITDA of about £800,00...
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