Target of AIM companies is 24% growth

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Alternative Investment Market (AIM) companies are confident about their prospects, a PwC survey has found.

In the Thriving on AIM report, PwC found that the average target for revenue growth over the next 12 months is 24 per cent, some way ahead of comparable surveys of FTSE 250 firms, which have an average 12 per cent target for growth, and private companies, which have an average 18 per cent target for growth.

One-in-five AIM companies are looking to expand turnover by more than 50 per cent in the next year, it found. It also revealed that AIM companies looking to new geographic markets as a source of growth see the US (28 per cent) and the EU (24 per cent) as their main focus. Twenty eight per cent of respondents believed that investors were looking for greater transparency and 21 per cent thought investors were looking for improved corporate governance.