Member Article

North East Utilitywise join AIM in five-year first

North East energy consultancy Utilitywise has become the first company to join AIM for five years, after advice from leading law firm Muckle.

The London Stock Exchange’s market for growing businesses has brought Utilitywise £7m of funds after joining AIM in June.

Muckle LLP encouraged the company to put its shares up for trading on the AIM growth market grow the business and to raise funds.

Head of the corporate finance team at Muckle LLP, Robert Phillips commented: “Utilitywise’s admission to trading on AIM was fantastic news for the business and for the region generally.

The law firm advises a range of public companies, including Gateshead-based Vertu Motors plc, which Muckle encouraged to join AIM in 2006 . This led the company to receive the “Best use of AIM” award in 2009.

Geoff Thompson, Chief Executive Officer of Utilitywise plc said: “We are delighted to have succeeded with the IPO and have some exciting plans to continue our development and growth.

“I would like to thank all of our advisers for their hard work and professionalism. In particular I would like to express my thanks to the team at Muckle, many of whom worked around the clock, to complete the work that was required.”

This was posted in Bdaily's Members' News section by Miranda Dobson .