Three construction consultancy firms are to merge and list on AIM.

Quantity surveyors Boxall Sayer, Denley King and Fletcher McNeill will merge under the Baqus banner.

Roger Knowles will chair the new company, which is expected to float later this year with a value of £13m.The group hopes to raise £3m through the float.

The three firms, with a combined turnover of about £7m, would have roughly equal interests in the new entity, Mr Lineen said.