MHA has announced its intention to seek admission to trading on London’s AIM market.

The audit, tax, accountancy and advisory services provider said that its directors believe the admission would provide a "strong platform for the group to strengthen its market position".

It added that trading on AIM would "enhance its profile with existing clients, target clients, introducers of new business and potential acquisition targets".

As part of the admission announcement, MHA said it is seeking to raise £125m through a placing of ordinary shares and a retail offer.

It stated that this will provide growth capital for the company, as well enable a sell down by certain partners.

The retail offer will give investors the chance to subscribe for new ordinary shares, which is set to raise £6m before expenses.

Managing partner and group chairman at MHA, Rakesh Shaunak, said: "An IPO would represent the next stage in our evolution, creating a platform for further expansion while preserving the values and approach that have underpinned our success to date. It would bring together partners and new investors with a shared ambition to scale MHA faster, drive innovation, and capitalise on market opportunities.

"Crucially, it would allow us to offer equity participation to future partners and leaders, ensuring they have a direct stake in the firm's continued growth. The additional capital would enable us to accelerate expansion and enhance our capabilities, helping us move more efficiently and sustainably towards our medium-term goal of exceeding £500m in annual revenues.

"We look forward to taking the next steps on this journey and building on the strong momentum we have created, while continuing to deliver the highest standards of service that define MHA."

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