Quantity surveyor Baqus plans to press ahead with plans to float on the alternative investment market within weeks, following the welcome the City gave to Cyril Sweett when it listed last week.

Baqus, which was only formed in August with the merger of Boxall Sayer, Denley King and Fletcher McNeill, will follow Cyril Sweett’s example and only sell a third of the business on the AIM.

Patrick Lineen, Baqus’ finance director, said: “It’s been great for us to see how the City has welcomed a QS and given it such a good market cap.

“We haven’t started marketing to City institutions yet but are aware of interest and all the signs are positive to float either in late November or early December.”

Lineen added that the shares that are not sold will be held by senior management.

Postscript

For more on the creation of Baqus search www.building.co.uk/archive

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