Business
Sale of Vennersys
Christie Group plc has agreed to sell its visitor attraction software business, Vennersys, to Digital Ticketing Systems Limited for an initial cash consideration of £0.5 million, with up to an additional £0.9 million payable within 18 months based on performance conditions. The sale, expected to complete by January 31, 2026, follows Vennersys' reported gross assets of £1.43 million and a pre-tax loss of £1.57 million as of December 31, 2024. This disposal aligns with the company's strategy to enhance earnings quality and balance sheet strength, allowing for greater focus and investment in its core brands to drive sustainable growth. Disclaimer*
About this update from Christie Group Plc
[{"type":"text","content":"\n\n22 December 2025\nChristie Group plc\n(\"Christie Group\" or the \"Company\")\n \nSale of Vennersys\n \nChristie Group plc (CTG.L), the leading provider of Professional & Financial Services and Stock & Inventory Systems & Services to the hospitality, leisure, healthcare, medical, childcare & education and retail sectors, is pleased to announce that on 19th December 2025 it entered into an agreement to dispose of the business and assets of its visitor attraction software business, Vennersys, to Digital Ticketing Systems Limited (\"Digitickets\"). \n \nThe consideration is structured on an initial cash consideration of £0.5m payable upon completion of the sale, and up to £0.9m of additional retained consideration payable within 18 months, subject to certain post completion performance conditions being achieved. Completion of the sale is expected to occur no later than 31st January 2026.\n \nVennersys provides a fully integrated ticketing and EPOS solution to UK visitor attractions. As at 31 December 2024, Vennersys held gross assets of £1.43m and generated a loss before tax and extraordinary items of £1.57m.\n \nThe disposal further reflects the Board's continued focus on improving the quality of earnings and its balance sheet strength, enabling the Group to focus on investing in its remaining brands to deliver sustainable growth and earnings. \n \nDan Prickett, Christie Group Chief Executive Officer commented:\n \n\"Following on from the strategic disposal of our loss-making retail and pharmacy operations in November 2024, the Board unanimously concluded that the continuing investment requirements required to support and scale the Vennersys business under Christie Group plc ownership were incompatible with our desire to invest in our remaining core brands. Having taken this decision, we have been focussed on finding a purchaser for the business with the expertise and resources to take the business forwards and with a commitment to providing an ongoing level of high-quality service to the Vennersys customers.\"\n \nSimon Herrick, Christie Group Chairman commented:\n \n\"Following changes to the Board structure during 2023 we undertook a strategic review of the Group's operations. It was decided that we would dispose of Orridge and Vennersys, t...