Wey Education pleased with integration of A21

The AIM-traded firm said Nichols-Grey is a Chartered Accountant who qualified at PriceWaterhouseCoopers.

He previously worked for the FSA in London, and was joining Wey from his position as finance director of Dezrez Services, a provider of cloud-based software.

Wey also said it expected to publish its interim results for the six months to 28 February on 8 May.

“With the interim results, Wey will give an update on the encouraging progress being made on the various initiatives previously announced including international expansion, but in the meanwhile, gives [a] brief update on progress with its recent acquisition,” the board added.

The acquisition of A21 occurred on 22 December, during the Christmas break for teaching.

Since then, Wey said it had closed A21's administrative headquarters in Stevenage, rationalised its general management and absorbed it into Wey's existing structure.

It had also brought A21's accounting in-house within Wey, merged the A21 and its own B2B marketing teams, and met with A21 staff, subsequently having the majority of A21 teaching staff attending Wey's ‘all teacher’ conference in February.

“Initial indications are that the merger has been well received with A21's customers attracted to the wider product range of the enlarged group,” the board said.

“Wey staff have already made initial sales of A21 products and management accounts to 28 February suggest A21's turnover is running ahead of the same time 2016/17.”