Three QSs merge and seek AIM listing as Baqus

By Angela Monaghan and Angela Monaghan Angela Monaghan Angela Monaghan2007-08-20T05:29:00+01:00

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Merged company comprising Boxall Sayer, Denley King and Fletcher McNeill will be chaired by Roger Knowles

Three QS firms – Boxall Sayer, Denley King and Fletcher McNeill - have merged to create a single company that is planning to list on the Alternative Investment Market.

The firms have formed Baqus, a practice that will be chaired by JR Knowles founder Roger Knowles. JR Knowles was sold to Hill International last year.

The newly formed consultancy is seeking to list on the Alternative Investment Market in November. The move follows the recent announcement by QS Cyril Sweett that it is planning a listing in the AIM autumn, meaning the two firms will be the only QS companies listed on the stock market.

Baqus, which has a turnover of £7m and profit of £1m, will initially have a market capitalisation of £13m. This includes an expected £3m of cash to be generated by the flotation, which the firm plans to use to begin an expansion strategy.

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