P&MM sets its sights on AIM

Agency P&MM Group is looking to raise £5m through a placing on the Alternative Investment Market (AIM) at the end of July to accelerate its planned expansion.

P&MM executive director Nigel Cooper wants to expand P&MM by buying complementary businesses in areas such as event management, motivation products, conference production and sales promotion.

P&MM runs more than 100 events a year including dealer and press launches for Land Rover and Jaguar. Other clients include Mercedes-Benz, Toyota and Skoda. Cooper said: "As of May we've had confirmed orders for the year ending December equating to about 81% of our budgeted annual gross profit. We will continue to focus on developing client relationships and winning new work across all business areas."

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