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AIM basks in international attention

Article Date:  Jun 03 2005


AIM, London’s alternative stock market for fast growing companies, is gaining an ever-increasing international following according to latest research from accountancy firm Baker Tilly.


In its latest Taking AIM survey, Baker Tilly revealed that the past 18 months have seen a sharp increase in the number of overseas firms coming to market. At the end of 2003 there were just 60 international firms listed on AIM. By March 2005 this figure had more than doubled to 134.

According to the survey (conducted in association with law firm Faegre & Benson), overseas firms cited several strong motivating factors behind their affinity for AIM. Chief among these were ‘access to the UK marketplace’ and AIM’s ‘comparatively light regulation’ – conditions described as being ‘ideally suited to small companies’ by the survey’s respondents.

However, according to Chilton Taylor, Baker Tilly’s head of capital markets, this influx also poses a wealth of potential dangers to the market’s wellbeing.

‘Overseas companies can be higher risk because it is sometimes difficult to obtain references on the directors,’ Taylor suggests. ‘And the companies are often in the riskier areas of exploration, technology or new media.’

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