It had planned to float on the Alternative Investment Market at the end of July but now says it will not do so until the end of this month or the beginning of September.
A statement read: ‘The Board has decided to defer the Admission of the Company to London’s Alternative Investment Market until after the holiday season.’
‘Although an acceptable level of demand has been secured to date, a number of key investors have asked for a longer period to allow them to reach an investment decision. Since the flotation of the company is not time critical, those requests have been accommodated.’
Last month Begbies said it expected to raise up to £12m from the flotation, but added that it hoped to achieve its core growth objectives with considerably smaller sums.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.