BDO was the reporting accountant on the AIM IPO of Brickability Group plc.
Brickability is a leading supplier of facing bricks, blocks, roofing tiles, slates and other building products to the construction industry.
It raised IPO proceeds of £57.6m before expenses, of which c£11m was settled through the conversion to equity of existing loan notes. The proceeds will be used to de-leverage the Group which will significantly reduce its annual interest charge and create a stronger balance sheet from which to pursue growth.
Brickability's market cap on IPO was £150m.