AIM rocked by wave of suspensions
The Alternative Investment Market hit by a wave of suspensions and audit qualifications after a number of companies missed accounts deadlines and fell out with auditors
Last week, education group EuropAsia Education was suspended for missing its
accounts deadline while changing auditors. Human resources business OneClickHR
was also suspended for not filing accounts on time, as were sports marketing
company Parallel Media Group and building materials group Dimension Resources.
Controversial oil company Regal Petroleum received an audit qualification
from its second set of auditors, UHY Hacker Young, while sports betting group
Betex warned that it expected PKF to qualify its accounts.
These events come amid growing expectations that the London Stock Exchange’s
junior market is preparing to introduce stricter rules for nominated advisers –
the regulators of the market – to protect investors.