PracticeAccounting FirmsSmith & Williamson listing delayed

Smith & Williamson listing delayed

Smith & Williamson is unlikely to seek a public listing this autumn, despite previous suggestions that it was aiming to float in that period

Sources within the firm said that discussions about an IPO were not at a
stage that would suggest it could be deliverable within the next few months. ‘If
it’s not ready now it’s unlikely to be ready this autumn,’ said one insider.

Others had previously suggested that the decision to float would be dependent
on the firm’s April 2007 year-end results. Easter was expected to give a better
indication of whether the firm was ready to list.

The firm’s next annual report is expected to provide more details of the
firm’s IPO plans. Last year’s report was released in September, but no
publishing date for the 2007 report has been fixed.

City analysts said they had heard nothing about S&W’s plans in recent
months.

‘We had earlier heard rumours but nothing more,’ said Ben Archer, analyst at
Charles Stanley. ‘The [accountancy] market’s slightly choppier, but they
shouldn’t have an issue with that.’

A source close to the firm’s management said the firm was ‘still focused’ on
pursuing a listing. ‘It will depend on market conditions,’ said the source.

S&W was unavailable for comment.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

4d Emma Smith, Managing Editor
Where is your next client coming from?

Accounting Firms Where is your next client coming from?

6d James Noble, Propero Partners
Specialist VAT service provider joins MHA

Accounting Firms Specialist VAT service provider joins MHA

6d Austin Clark, Reporter
Top 50+50: Big Four hold steady, shake-up outside Top 20

Accounting Firms Top 50+50: Big Four hold steady, shake-up outside Top 20

3w Emma Smith, Managing Editor
Top 50+50: Revenue rises spark rankings shake-up

Accounting Firms Top 50+50: Revenue rises spark rankings shake-up

3w Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2w Austin Clark, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

3w Alia Shoaib, Reporter