The purchase consideration of £2 million is being satisfied in cash.
Moorgate has an annual turnover of £650,000 and a small workforce of 10 people. The business will be integrated into Capita IRG, further consolidating Capita’s position in the registration and shareholder services market. The business brings a stable client base of over 100 private sector clients with the potential for Capita to add further value to them by extending the shareholder services presently delivered to them and offering further services from across the Group.
