Market cap of Yorkshire and North East AIM listed businesses reaches £5.84bn
The 64 AIM listed business across Yorkshire and the North East reached a total collective market value of £5.84bn in 2017; a 16% rise.
After starting the year at £5.01bn, as of 31 October the total market cap for Yorkshire and the North East’s AIM listed businesses had seen an increase to £5.84bn.
The total market value of AIM’s UK and International companies increased from £80.81bn to £104.28bn. This increase was despite the fact it wasn’t a prolific year for AIM, with the total number of registered companies falling from 982 in 2016 to 957 in 2017.
Mark Langford, partner at accountancy and business advisory firm BDO, said: “The rising market cap is cause for optimism for AIM in the region – particularly for those companies within Yorkshire and the North East which saw an impressive increase in value during 2017. The spike in value reflects the continued investment in growth, despite the challenges created by a protracted period of uncertainty following the Brexit vote and lack of progress on a local level in regards to a workable devolution deal.
“The latest data is welcome evidence that those that are listed are performing well, attesting to the strength of the AIM platform for successful, growing businesses. Indeed, 76 per cent of capital raised on European growth markets during 2014-16 was done so on AIM.
“At BDO, we’ve significantly increased our own AIM credentials this year. We have developed our relationships and are working with 12 more AIM companies in the region compared to two years ago and topping the table nationally for advising the highest number of AIM-listed businesses. We look forward to seeing what the region has to offer in 2018 – we expect listed businesses to continue to flourish, with an increase in flotations.”
