A public sector events and publishing company has dismissed reports it is preparing for a sale as “pure speculation and nonsense”.
A report in the Sunday Times claimed that Manchester-based GovNet Communications was going to be put up for sale, with controlling shareholder Joanne Walsh in line for a £50m windfall.
Launched in 1997, GovNet delivers a large portfolio of conferences, exhibitions and other events targeted at the public sector, including Digital Government, Enhancing Housing Services and Inside Government.
It made pre-tax profits of £3.5m on sales of £16.3m in 2016.
But speaking to Prolific North this morning, CEO Nicholas Rudge told us that the report was “pure speculation and nonsense” and that the business is “not in a sales process whatsoever”.
