US tanning salon and spa chain Planet Beach is planning to expand into the UK ahead of a possible £50m (£25m) flotation. Sunday Times

The group, which was founded in 1995, has 350 outlets across the US, Canada and Australia and expects to open up to 200 in Britain and Ireland.

Planet Beach, which is headed by founder and chief executive Stephen Smith, is seeking a franchise or joint venture partner for its UK and Irish expansion.

It is also set to open talks with prospective advisers for an AIM listing, which may take place in 2008.

Planet Beach offers both tanning services and spa treatments, such as facials and massages, under the same roof. It also sells own-label skincare and tanning products.