XP Factory Plc (AIM:XPF) acquired Boom Battle Bar Cardiff Ltd for an enterprise value of £2.15 million on September 9, 2022. The estimated net consideration payable of £1.53 million will be satisfied by a payment of £0.6 million in cash on completion, a further £0.6 million six months after completion, and the balance, which will be subject to a completion accounts mechanism, on the first anniversary of the acquisition. In the twelve months ended 30 June 2022, delivered unaudited turnover of £3.82 million, adjusted EBITDA of £0.43 million and profit before tax of £0.201 million. The unaudited net assets of Boom Cardiff as at 30 June 2022 were £0.240 million.

XP Factory Plc (AIM:XPF) completed the acquisition of Boom Battle Bar Cardiff Ltd on September 9, 2022.