The CFO of listed group Sorted is to leave the firm ‘to pursue other business opportunities’.
Mahmoud Warriah will serve his six-month notice period in both the CFO position and as a director of the global delivery software company, which has begun a search for his successor.
Warriah is the only director of the firm other than executive chairman Simon Wilkinson, according to Companies House. He was appointed to the board in February 2024.
Sorted was founded in 2010 and raised nearly $100m in investment but in January 2024 was sold to Location Science Group for just £66.73.
A few weeks later, Sorted Group Holdings joined the London Stock Exchange’s AIM market.
However 18 months on, CEO Carmen Carey has long since departed, its automated returns company Clicksit has been sold for a fraction of the price it was acquired for in 2021 and its share price stands at 25 pence (compared to a high of 75p in the last 12 months) and a market cap of just £2.29m.
Warriah serves as a director of several other firms, according to Companies House, including Clicksit.
Simon Wilkinson, executive chairman of Sorted, said of Wariah’s planned departure: “On behalf of the board, I wish to express my gratitude to Mahmoud.
“His contribution to Sorted in the lead-up and subsequent to the company’s reverse takeover has been significant and I know he will continue to provide valuable input during his remaining time with the company.”#