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Bytes Technology Group
Bytes Technology Group is a reseller of computer software in Leatherhead, Surrey, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The business was established in a shop in Epsom in 1982. It was acquired by Allied Electronics Corporation (Altron), a company led by the entrepreneur, Bill Venter, in 1998. The company was demerged from Altron and was subject to an initial public offering on the London Stock Exchange in December 2020. In February 2024, the CEO, Neil Murphy, resigned abruptly after the board became aware of some previously undisclosed trades in the company's shares. Operations The company is a reseller of computer software, principally of products made by Microsoft, but also of cloud storage, computer security and computer asset management software. It was the largest reseller of Microsoft's Azure Azure may refer to: Colour * Azure (color), a hue of blue ** Azure (heraldry) ** Shades of azure, shades and variatio ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ...
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FTSE 250 Index
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, September, and December. The Index is calculated in real-time and published every minute. Related indices are the FTSE 100 Index (which lists the largest 100 companies), the FTSE 350 Index (which combines the FTSE 100 and 250), the FTSE SmallCap Index and the FTSE All-Share Index (an aggregation of the FTSE 100 Index, the FTSE 250 Index and the FTSE SmallCap Index). Annual returns The following table lists the Total Return of the FTSE 250 index up to 31 December 2021. Constituents The following table lists the FTSE 250 companies after the changes on 19 December 2022. See also *FTSE 100 *FTSE All-Share Index * Fast Track 100 Sunday Times list of the 100 largest private (Non Listed) companies. * Top Track 250 The Sunday Times Top Track ...
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Leatherhead
Leatherhead is a town in the Mole Valley District of Surrey, England, about south of Central London. The settlement grew up beside a ford on the River Mole, from which its name is thought to derive. During the late Anglo-Saxon period, Leatherhead was a royal vill and is first mentioned in the will of Alfred the Great in 880 AD. The first bridge across the Mole may have been constructed in around 1200 and this may have coincided with the expansion of the town and the enlargement of the parish church. For much of its history, Leatherhead was primarily an agricultural settlement, with a weekly market being held until the mid-Elizabethan era. The construction of turnpike roads in the mid-18th century and the arrival of the railways in the second half of the 19th century attracted newcomers and began to stimulate the local economy. Large-scale manufacturing industries arrived following the end of the First World War and companies with factories in the town included Ronson and G ...
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Surrey
Surrey () is a ceremonial and non-metropolitan county in South East England, bordering Greater London to the south west. Surrey has a large rural area, and several significant urban areas which form part of the Greater London Built-up Area. With a population of approximately 1.2 million people, Surrey is the 12th-most populous county in England. The most populated town in Surrey is Woking, followed by Guildford. The county is divided into eleven districts with borough status. Between 1893 and 2020, Surrey County Council was headquartered at County Hall, Kingston-upon-Thames (now part of Greater London) but is now based at Woodhatch Place, Reigate. In the 20th century several alterations were made to Surrey's borders, with territory ceded to Greater London upon its creation and some gained from the abolition of Middlesex. Surrey is bordered by Greater London to the north east, Kent to the east, Berkshire to the north west, West Sussex to the south, East Sussex to ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ...
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Epsom
Epsom is the principal town of the Borough of Epsom and Ewell in Surrey, England, about south of central London. The town is first recorded as ''Ebesham'' in the 10th century and its name probably derives from that of a Saxon landowner. The earliest evidence of human activity is from the mid-Bronze Age, but the modern settlement probably grew up in the area surrounding St Martin's Church in the 6th or 7th centuries and the street pattern is thought to have become established in the Middle Ages. Today the High Street is dominated by the clock tower, which was erected in 1847–8. Like other nearby settlements, Epsom is located on the spring line where the permeable chalk of the North Downs meets the impermeable London Clay. Several tributaries of the Hogsmill River rise in the town and in the 17th and early 18th centuries, the spring on Epsom Common was believed to have healing qualities. The mineral waters were found to be rich in ''Epsom salts'', which were later identif ...
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Bill Venter
William Peter Venter (born 29 July 1934, in Johannesburg) is a South African businessman, entrepreneur and industrialist. Venter founded Allied Electronics Corporation (Altron) in 1965. Acquisitions under his leadership included Bytes Technology Group in 1998 (following a demerger in December 2020, Bytes Technology Group became a listed entity its own right). Awards * 2006 Top 100 Lifetime Achiever (''Sunday Times Business Times'') * 1991 Order for Meritorious Service (Gold) (State President of South Africa) for significant contribution to South Africa’s electronics industry * 1989 Leadership in Practice Award (University of South Africa SBL) * 1984 Top Executive in South Africa (Management) * 1978 Top Five Businessmen (''Business Times'') Degrees * 2004 Master of Philosophy Rand Afrikaans University Business Management cum laude * 2001 Master of Business Administration University of Wales Honorary degrees * Doctor of Engineering University of the Witwatersrand * Techn ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Microsoft
Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washington, United States. Its best-known software products are the Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2019. It is one of the Big Five American information technology companies, alongside Alphabet, Amazon, Apple, and Meta. Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It rose to do ...
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Microsoft Azure
Microsoft Azure, often referred to as Azure ( , ), is a cloud computing platform operated by Microsoft for application management via around the world-distributed data centers. Microsoft Azure has multiple capabilities such as software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS) and supports many different programming languages, tools, and frameworks, including both Microsoft-specific and third-party software and systems. Azure, announced at Microsoft's Professional Developers Conference (PDC) in October 2008, went by the internal project codename "Project Red Dog", and was formally released in February 2010 as Windows Azure, before being renamed Microsoft Azure on March 25, 2014. Services Microsoft Azure uses large-scale virtualization at Microsoft data centers worldwide and it offers more than 600 services. Compute services * Virtual machines, infrastructure as a service (IaaS) allowing users to launch general-purpose Mi ...
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