Consolidator AFH Financial has said it will stop buying up businesses for the “foreseeable future”, to focus on organic growth.
In a trading update to the London Stock Exchange today and following a flurry of three acquisitions being announced in less than a week, AFH said it was now looking to focus on organic revenue growth and improving its technology.
However, it would likely still complete a number of deals currently undergoing due diligence, following the issuance of £15 million worth of convertible loan stock in July.
“In 2016, following a significant number of acquisitions, AFH decided that in t...