A recent survey from accountant Kidsons Impey, Taking Aim, questioned 150 fast-growing businesses on whether they would consider a floatation on the Alternative Investment Market. It found computer/high-tech and engineering are the most likely, particularly those with a £8m £12m turnover.
‘Interestingly, the engineering sector is one of the least represented on AIM, with less than 2% of the companies by number, but this looks set to change,’ the report says.
It predicts that engineering is set for ‘buoyant growth’ on Aim. Half the companies in the sector said they would consider a float in one or two years up from 30% a year ago.
The main reasons companies gave for considering a listing on Aim were access to funds, and using the market as a method to release personal equity.
For engineers, opportunities for acquisition was another reason.