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Cavanagh Group floats on Aim

IFA Cavanagh Group has floated on the alternative investment market with a market capitalisation of £15m.

The south east based firm set-up in 1996 targets City based professional and corporate clients and increased its turnover to £1,207,000 in 2000 from £393,000 in 1998.

It has for executive directors, 20 consultants and 20 support personnel and plans to use the money raised from flotation to recruit more consultants and invest in technology and admin support.

Cavanagh non-executive chairman John Campbell says: “Cavanagh has grown consistently since inception and we are now looking forward to expanding our excellent position in the legal sector into other professional groups.”

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