Social housing services business Inspace is set to float on the London Stock Exchange's junior market the Alternative investment Market this month.
Inspace was de-merged from its parent company Willmott Dixon in January this year and its executive chairman Colin Enticknap wants to float the company to capitalise on the booming social housing sector by funding future growth.
Colin Enticknap said; 'Inspace is a strong business, with a great bunch of people, operating in a growth sector for high quality customers. The AIM listing is an important step for the whole team, and instrumental in helping to unlock our growth plans.'
Inspace made a £6.3 million profit on a turnover of £107.3 million in the year ending December 31, 2004 and its forward order book is worth £300 million with over 80 per cent of its work for the public sector.
Latest News index
Contact the newsdesk