Quantity surveyor Baqus has shrugged off fears that the global credit crunch will delay its flotation on the alternative investment market (AIM) in November.

Patrick Lineen, Baqus’ finance director, said: “We are pressing ahead undeterred.”

Last week it emerged that fellow QS Cyril Sweett was delaying its AIM listing until November because of volatility on the stock market.

Cyril Sweett was expected to be the first QS to come to market, but it may now be beaten to the punch by Baqus.

Baqus was formed earlier this year through the mergers of Boxall Sayer, Denley King and Fletcher McNeill.