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The UK’s leading online dating agency Dating and its sister company Chemistry are to be sold to the European sector leader Meetic in a deal worth £27.3 million.

Others are entirely free to join and use, but make money through advertising – though this model’s popularity is waning due to the lack of reliability of cashflow.Globally, one in five relationships now starts online and the media is full of stories describing happy marriages which started with the click of a mouse.Looking at it from a financial perspective, its estimated that globally the industry is worth more than £2bn.Karl is a natural entrepreneur – he grew up in Malta and it was there, inspired by his father and aged just 17, that he set up his own business importing cleaning materials and selling them onto small retailers to pay his way through University.Karl was also the Marketing Director of Touch Local, the online business directory.