Business
Completion of acquisition of Aspire Commerce Group
Caledonian Holdings PLC has completed the acquisition of Aspire Commerce Group Limited for a nominal cash consideration, implying an enterprise value of £9.33 million. This acquisition significantly enhances Caledonian's financial services capabilities, providing Aspire with up to £30 million in new funding and access to multiple funding channels. Aspire, which operates payments, foreign exchange, and trade finance services, reported approximately £12.5 million in active customer pipeline and processed customer payment flows of £57.3 million GBP, €24.3 million EUR, and $1.3 million USD as of May 2026. The company also has £1.0 million of live trade finance facilities. Despite generating £123,891 in revenue and a loss before tax of £3,581,742 for the year ended December 2025, the acquisition is expected to accelerate growth and deliver shareholder value. Disclaimer*
About this update from Caledonian Holdings Plc.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 1 June 2026 Caledonian Holdings PLC ("Caledonian" or the "Company") Completion of acquisition of Aspire Commerce Group Limited Transformational acquisition accelerates execution of Caledonian's strategy to build an integrated financial services group Caledonian Holdings PLC (AIM: CHP), the AIM quoted investing company focused on building an integrated financial services group, is pleased to announce the completion of the acquisition of the entire issued share capital of Aspire Commerce Group Limited ("Aspire") (the "Acquisition"). Under the terms of the Acquisition, Caledonian has acquired Aspire for a nominal cash consideration implying an enterprise value of £9.33 million on completion. The Acquisition has completed following receipt of Financial Conduct Authority ("FCA") change in control approval and shareholder approval at the Company's recent annual general meeting. Aspire is a payments, foreign exchange and trade finance business operating through Aspire Lending Limited and Aspire Payments Limited. Aspire Payments Limited is authorised and regulated by the FCA as a Small Electronic Money Institution. Strategic highlights · Step change in scale and capability. The Acquisition materially strengthens Caledonian's financial services offering and operational infrastructure and marks a step change in the scale and ambition of the business. · Significant new funding capacity. The transaction provides Aspire with access to an initial additional funding line of up to £30 million, providing substantial new capacity to accelerate growth initiatives. · Multiple funding channels. The Acquisition is expected to broaden access to further funding lines, enhancing Caledonian's ability to deploy capital in high-value opportunities. · Rapidly expanding pipeline. Aspire has an active customer pipeline of approximately £12.5 million, together with strong momentum expected to drive a material uplift in near-term activity. · &nb...
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