ReSolve completes IP Asset Sale of Omnico Group UK

ReSolve has completed the sale of the intellectual property assets of Omnico Group UK Ltd, which provides proprietary customer engagement technology, to a UK and US-based trade buyer. Omnico’s profitability was severely affected by the Covid-19 lockdowns, which forced the closure of visitor attractions, casinos and retail outlets, some of the key sectors in which the Company’s technology was utilised. As financial losses continued, Omnico Directors engaged one of the Big Four advisers to market the Company for sale, unsuccessfully. ReSolve was then approached regarding liquidation and Cameron Gunn and Lee Manning were appointed joint liquidators on 22 June 2022. ReSolve’s team worked swiftly, achieving the liquidation and enabling the subsequent sale by the 30 June deadline. The purchasers are seeking to further develop Omnico’s technology before relaunching it to customers. Resolve’s solicitors were Eversheds (Birmingham).

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