Residential service franchiser Myhome International says divisions of banking giant Barclays have emerged with a 4.99 per cent stake.

Barclays Stockbrokers and Gerrard Investment Managers between them hold the stake in AIM-quoted Myhome, which recently lifted interim profits nearly 170 per cent to £748,000. Last month, acquisitive Myhome, steered by Russell O’Connell, bought the Stainbusters network for up to £415,000, having raised £3.57 million at 85p to buy companies in the domestic services market.

Back in December, serial investors Nigel Wray and Stephen Hemsley put £4 million of new money into Kingston-Upon-Thames-based Myhome at 40p, with warrants for another £3 million at the same price. Today, the shares, highlighted by Growth Company Investor last year at 37.25p, are 0.5p up at 99p, valuing the company at £50 million.

Hold on.

Myhome International	AIM	0pm	p	p
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Other company articles:
Myhome bites the dust			09/09/2008
Myhome breaches covenants			22/07/2008
New home for Pither			03/03/2008
Positive signs for plus			03/03/2008
Further expansion at MyHome			04/02/2008