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Foreword

 
Andrew Wilkes Tax Director at Smith & Williamson the accountancy and investment management group introduces this special issue regarding AIM
 
By almost all measures AIM has been a tremendous success story. Last year AIM companies raised more funds than exchanges in Frankfurt Tokyo Toronto and Sydney and about the same as NASDAQ. The average size of an AIM company has leapt from £14.2 million to over £60 million in the last nine years and the number of overseas companies represented on AIM has increased tenfold in just four years.
 
More and more institutional investors are purchasing AIM stocks — in fact they now own the majority of shares in AIM companies. AIM is now a vital link to risk capital and supports smaller business growth and innovation in the...

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