On 18 March 2016, a newly formed company Aghoco 1389 Ltd ( to be renamed NV Ltd ) acquired all of AD Holdings indebtedness of some £4.7m to Barclays Bank and Mike Newton. AD Holdings was formed in1997 by Mike Newton who invested £6m cash in that company.
NV is jointly owned by private investors, Mike Newton and Maghsoud Einollahi.
Today, 15th April , NV acquired all of the business and assets of AD excluding UK operation of Dedicated Micro which has entered Administration.
NetVu Ltd is a wholly owned subsidiary of NVL. NetVu Ltd will operate out of its two premises in Cheshire, England, being the technology centre at the previous location in Appleton Thorn with an established team of developers, and the newly completed premises near Northwich, Cheshire providing for Sales and Support.
NetVu Ltd will be undertaking all future warranty and support activities for all UK and European customers of Dedicated Microcomputers Ltd in the UK.
Mike Newton commented: “The video security market has been very challenging in particular in the ‘desktop recording’ sector, and while DM enjoyed exponential growth in the mid 2000’s, the aggressive commoditization of that sector by low cost foreign imports has resulted in significant declines in those areas. We have however continued to develop innovative and powerful technology, with our NetVu Connected Virtual NVR solutions, FireVu visual smoke and flame detection, and TransVu, one of the worlds leading mobile recording and vehicle data processing solutions.
Key back office support software leverages the maximum return for our users, and allows for critical value added solutions, regardless of whether it is a ‘desktop’ solution or a fully virtualised solution.
With NetVu we believe we have created a fresh and vibrant structure which can take these products forward, while also serving the remaining ‘desktop’ recorder market, which while significantly reduced from its peak, still remains a significant element in the new operation.
We see this now as an opportunity to focus not just on the traditional recording sector, and combine it with the innovative and evolving technologies”
April 15th 2016, Cheshire, England
Mike Newton – Mike Newton was the founder of Dedicated Micros in 1982, and AD Holdings in 1997, and the creator of many of the key technologies in CCTV recording today.
Mike is also a key driving force behind a number of other businesses in Specialist Motorsport developments, as a partner in RML Ltd and owner of Tiga Race Cars Ltd, and also development of advanced aircraft powerplants, including innovative developments in hybrid aircraft engine technology. Mike has also had a highly successful career in Endurance racing in international motorsport, winning the LMP2 class twice in the world famous Le Mans 24 Hour race in 2005 and 2006, and also the European endurance series in 2007 and 2010.
Maghsoud Einollahi – Maghsoud Einollahi is a former Senior partner at Deloitte specialising in Corporate Finance. During his career at Deloitte Maghsoud was lead advisor on a number of large assignments including the MG Rover acquisition by the Phoenix team and the restructuring assignment undertaken for Coats Viyella at their clothing division. Prior to retirement from Deloitte Maghsoud was COO of Deloitte’s Corporate Finance operation in UK.
Since retirement Maghsoud has continued to use his experience of corporate finance transactions and restructuring assignments as a private investor on his own account. His broad business experience, key restructuring skills and fund raising abilities are particularly relevant to the change process which NV will implement to create the fresh and vibrant structure going forward.