The Southampton-based team at accountancy and business advisory firm BDO LLP has developed strong expertise as a leading reporting accountant on AIM for Initial Public Offerings (IPOs), and having completed two recent transactions.
Darren Phillips, Corporate Finance Director explains: “BDO in Southampton has helped two of our clients float on AIM this year: Weybridge-based Mi-Pay Plc and Haydale Graphene Industries Plc based in Carmarthen.”
Paul Anthony, Business Assurance Partner added, “With the flotation of Net Scientific Plc last year, also a client of the Southampton office, this brings the office’s total to 10 listed clients – eight on AIM and two on the main market.”
The FTSE AIM 100 Index is an index of the top 100 companies weighted by capitalisation, comprising of a range of businesses ranging from young, venture capital-backed start-ups to well-established, mature organisations looking to expand. The list grew three times faster than the FTSE 100 in the second half of 2013 and has shown a substantial increase in the amount of funds raised in the final quarter of 2013 compared to the rest of the year.
BDO has a long track record of preparing businesses to float on AIM, as well as supporting them on acquisitions. In the past year, BDO supported Southampton-based Universe Group Plc on an acquisition and Hungerford-based Vislink Plc on its acquisition of Pebble Beach Systems.
Darren Phillips adds: “Our work with AIM companies underlines our commitment to this particular sector nationally where we have consistently floated more businesses onto AIM than any other firm.”
