Announcing a pre-tax profit rise of one-third to £800 000 for the half-year to 29 February, chief executive Mark Tinknell said a full quote would give the group an opportunity to raise cash for major acquisitions.
Tinknell said the move would also provide greater liquidity for the shares and a broader shareholder base.
In the short term, Connaught, which provides interior fit-outs, facilities management and cleaning services, is sizing up acquisitions of up to £10m in the mechanical and engineering market. It is also looking at fabric maintenance and security firms.
The company has just added two new directors to its board. These are Andy McNaughton, managing director of Connaught Interiors, and Andy Darkin, managing director of Connaught Property Services. The board also includes Tinknell and finance director David Pike.
