Open GI’s parent company OM Bidco cut operating and post-tax losses in the year Ares Management bought the business, a filing at Companies House has revealed.
The document listed operating losses for the year ended 31 May 2025 fell by just over £1.6m to £6.46m. The group loss after tax was trimmed by £327,000 to £29.81m.
The improvements followed on from post-tax losses shrinking from £38.48m in 2023.
Takeover
Insurance Age revealed in September 2024 that private equity house Ares Management had signed up to buy the Worcester-headquartered software specialists.
The takeover completed on 9 October 2024 with Ares, which was already a minority shareholder in
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