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Adili

Adili floated on AIM on 12 December with a market capitalization of £4.46 million and raised £1.5 million. The ethical company was founded in 2006. Christopher Powles, co-founder and Finance Director of Adili, lives in Kirtlington and is also a member of the Oxford Investment Opportunity Network.

The company presented at a meeting organised by Oxford Investment Opportunity Network (OION) and as a result attracted some funding from a local business angel.

Eileen Modral, Manager of Oxford Investment Opportunity Network (OION) , said:

"We congratulate Chris Powles and Adilli on their successful flotation. Adili is a great example of a company tapping in to the strong public interest in fair trade and ethical products as well as the general trend towards online shopping. We are delighted that one of our OION network members decided to back this innovative business."

Website: www.adili.com