Distressed firms depart Aim in growing numbers

THE NUMBER of Aim-listed companies that have delisted due to financial distress and insolvency soared by 183 per cent in the quarter ending 30 June, according to figures released yesterday.<br /><br />City law firm Trowers &amp; Hamlins and accountancy group UHY Hacker Young published the research, which showed that 34 companies delisted due to financial problems in the period, compared to 12 in the preceeding quarter.<br /><br />However, the study suggests that the overall trend may be gradually subsiding, with the total number leaving the market falling by six per cent to 72 companies.<br /><br />Aim delistings hit a peak of 81 per cent in the fourth quarter of 2008, up from 71 in the third quarter of the year.