RM, a provider of educational products and services to schools, has been through some troubled times of late. Revenue has been falling and is forecast to fall further after they made the courageous, if long overdue, decision to stop producing PCs. In addition there have been a number of changes among the directors in the last couple of years.
But the company has been generating cash, and now has a healthy cash balance (£63m in the last accounts) so it has decided ...
