The group said it expected to raise up to £12m from the flotation, but said it hoped to achieve its core growth objectives with considerably smaller sums.
It also intends to pursue its growth strategy of continued organic development, coupled with the acquisition of individual experienced practitioners and small practices, and increase its scope and range of services.
Commenting on today’s announcement, Ric Traynor, executive chairman of Begbies Traynor, said: As a publicly quoted company our size and range of activities will be considerably more visible to our target corporate market, and should strengthen our hand when we are competing for larger assignments.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies