A COMMUNICATIONS group has announced plans to float on the stock market.
AT Communications is seeking a listing on the Alternative Investment Market, to fund growth. It plans to raise £3m from the listing, which it estimates will value the company at about £13m.
The company is based in Essex, but has regional offices in Newcastle, Cheshire and Buckinghamshire. It has more than 2,300 clients across the UK. Last year, it reported pre-tax profits of £947,000.
Alex Tupman, chief executive, said: "A listing is the next logical step for the business and provides a platform for expansion, both organically and through bolt-on acquisitions.
"As a systems integrator with quality partnerships, an incentivised sales force, customer service and maintenance team, we are in an excellent position to continue to grow the business."
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