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Distressed firms depart Aim in growing numbers
THE NUMBER of Aim-listed companies that have delisted due to financial distress and insolvency soared by 183 per cent in the quarter ending 30 June, according to figures released yesterday.
City law firm Trowers & Hamlins and accountancy group UHY Hacker Young published the research, which showed that 34 companies delisted due to financial problems in the period, compared to 12 in the preceeding quarter.
However, the study suggests that the overall trend may be gradually subsiding, with the total number leaving the market falling by six per cent to 72 companies.
Aim delistings hit a peak of 81 per cent in the fourth quarter of 2008, up from 71 in the third quarter of the year.