Business to business publisher Charterhouse Communications has been carved up and sold off to a number of companies following a downturn in its fortunes.

The Wealth division, which publishes Company Refs, Company Guide and The Corporate Register were sold to Capital Ideas Financial Publishing, a subsidiary of Capital Ideas, for £195,000.

Capital Ideas has not taken on any of Charterhouse’s liabilities in the transaction. IIS Shares, which publishes Investing for Growth, was also sold to Capital Ideas.