AIM welcomes a sole newcomer in a torrid month
At the end of March 2020 there were 843 companies on AIM, with the total market value £74.3bn. This compares to 847 companies at the end of February 2020 when AIM’s market value was £93.6bn. Ignoring reverse takeovers there was one new arrival in the month and five departures.
Remember to use our updated AIMsearch tool from the link here to check on the Inheritance Tax qualifying status of all AIM companies including the unusual new arrival. With global stock markets in freefall as the coronavirus pandemic took hold, AIM experienced a 20% decline in market value during the month to levels last seen during the financial crisis years of 2008/09. Restructuring and corporate finance specialist FRP Advisory Group (AIM:LON) was the sole newcomer to brave the turbulent markets. FRP was established in June 2010 when CEO Geoff Rowley and COO Jeremy French led a management buy-out of the business recovery services…