9th Apr 2025 10:02
(Alliance News) - MHA PLC on Wednesday gave further details on its planned initial public offering on the AIM market in London.
The Milton Keynes, England-based professional services provider said it plans to start trading on Tuesday next week with an anticipated market capitalisation of GBP269 million.
MHA said it expects to raise up to GBP101.8 million, comprising a placing of GBP95.8 million and a retail offer of up to GBP6 million. The total planned raise is 19% lower than the up to GBP125 million it had said it planned to raise in mid-March.
MHA was founded in 1869 and employs over 1,800 people. It has been an independent member of the Baker Tilly International Network since 2014.
It aims to become a top 10 UK accounting and professional services business, generating over GBP500 million of annualised revenue. At the moment, it is the 13th largest accountancy firm in the UK by revenue, and the joint-fastest growing UK accountancy firm in the top 20, it said.
In the 10-year period to financial year 2024, MHA generated a compound annual revenue growth rate of 14%, it noted.
By Tom Budszus, Alliance News slot editor
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