The group, part of Baker Tilly International, is looking to raise up to £125m through a placing of ordinary shares and a retail offer to provide growth capital for the firm as well as enabling a sell down by a number of retiree capital partners.

The directors said that AIM admission would provide a strong platform for the group to strengthen its market position as a fast-growing accountancy firm, enhance its profile with existing clients, expand client base, and attract, incentivise, develop and retain staff.