Insolvency or financial distress forced sixteen companies off Londons junior market last year, up from nine in 2017.
Conviviality, the owner of Bargain Booze, and Crawshaw Group, a chain of butchers, were among the high-profile casualties whose listings were cancelled on Aim after collapsing into administration last year.
The travails of Wolf Minerals, a Dartmoor-focused mining company; Flowgroup, an energy supplier; and Mysquar, a Burma-focused app maker, also contributed to the increase highlighted in analysis by UHY Hacker Young, the accountancy firm.
Despite the year-on-year increase, the number of businesses delisting after insolvency or financial distress was still lower than the average in recent years, with 24 failures recorded i…
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