Centaur Media has delayed a £64m tender offer to shareholders after stating it needs to ensure there are sufficient distributable reserves.

The business intelligence consultancy said that in order to achieve the required level of distributable reserves, it needs to effect a capital reduction which requires court approval.

As a result, it has extended the time required to return capital to shareholders. This is now expected to return the capital in March 2026.

Alongside this announcement, Centaur has also signed an unconditional agreement for the sale of Econsultancy to Uptime App Limited, effective 31 December 2025.

The firm said that it views Uptime as a "compelling acquirer", with the ability to use its technology platform and B2B relationships to help to grow the business.

Following the sale, the group now consists of a single trading business, Influencer Intelligence Limited, which comprises the Influencer Intelligence and Fashion & Beauty Monitor brands.

Centaur has now completed the implementation of its plan to significantly downsize its central cost base and support function in response to the lower resource requirements of owning a single business.

The firm said that at the close of business on 5 January, its net cash stood at £67m, including the initial consideration for the Econsultancy disposal.

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