A COMPANY that makes technology which can ensure pub landlords are not creaming off beer profits is to float on London's junior stock market.
Brulines, based in Stockton, is hoping to raise £15m through a flotation on the Alternative Investment Market (AIM).
The company, founded in the early 1990s, manufactures and sells equipment which can measure how much beer goes from the barrels to the glass.
Brulines employs more than 140 people and hopes to take on 40 more within two years.
The most common fraud in pubs is managers or tenants buying their own stock, rather than from the pub companies, and pocketing the proceeds.
But Brulines' equipment can check if more beer has been sold than the pub company has officially supplied.
The company now has its beer monitoring systems in more than 14,000 pubs and nightclubs across the country, with customers such as Enterprise Inns, Punch Taverns and Greene King.
Chief executive James Dickson hopes to use the cash from the flotation to fund growth into the US and Canada.
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