AIM companies 'not fully utilising reviews'

News Article - 05 April 2007
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Companies listed on the alternative investment market (AIM) are not making the most of their business reviews, a survey has shown.

The study, conducted by PricewaterhouseCoopers, highlights that 54 per cent of companies within the market used the reviews to give views of both the business and the market in which they operate, compared with 100 per cent of counterparts in the main market.

David Snell, AIM market leader at the company, said: "AIM companies should regard the business review not just as yet more regulation, but as an opportunity for them to tell their story."

Additionally, about four-fifths of respondents failed to acknowledge that they had key performance indicators compared with 25 per cent of businesses in the main market.

The reviews replaced former operating and financial reviews after new European Union legislation was put in place.

Government officials made the decision to introduce the updated review in 2005, in a bid to relieve companies of unnecessary burdens and develop narrative reporting.

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