Case Studies

Obtaining a listing of shares using a part-time FD

Paraguayan company floating on AIM

Our client, a British-based oil and gas company with exploration and development interests in Paraguay, was planning to float on AIM in order to raise sufficient funds to finance a drilling programme on several target wells. They had no formal finance function in London, but required a part-time Finance Director to prepare consolidated group accounts for filing prior to flotation.

Speedy preparation of accounts

Jim Halliday oversaw completion of the necessary sets of accounts, which were audited and signed off within three weeks. We also delivered interim statements in September prior to the placing.

Liaison with other advisers

We worked closely with the company’s directors, several of whom had major travel commitments and needed to rely on a safe pair of financial hands in London, and we also liaised with CDS’s auditors and lawyers throughout.

Stay involved

CDS’s shares were placed on AIM and we remained involved providing further accounting assistance for several years afterwards..