A Bradford on Avon firm, which specialises in car testing equipment, is considering a launch on the stock market.
Anthony Best Dynamics (ABD) has announced its intention for an Initial Public Offering (IPO) or stock market launch, to raise £2.5 million to pay for its expansion in the UK and Asia.
Cairn Financial Advisers and Charles Stanley Securities have been appointed to advise ABD on any potential launch onto AIM - the London Stock Exchange's market for smaller growing companies.
Tim Rogers, managing director of ABD, said: "Over the past 30 years Anthony Best Dynamics has established a position as a leading provider of advanced vehicle testing to the global automotive industry. With our extensive customer base and proven engineering credentials, we believe an IPO would offer the business an excellent means of moving onto our next stage of growth."
Mr Rogers said the company was considering the move to meet the growing demand for its products. ABD wants to build a new factory close to its existing facility in Bradford on Avon, which will provide approximately three times the current manufacturing capacity, as well develop its presence in the Asian markets.
ABD is one of the leading suppliers for the global automotive industry producing testing and measurement products for vehicle suspension, brakes and steering.
ABD supplied the first steering robot for vehicle testing on the track and has supplied over 300 driving robot systems around the world. It was also an early pioneer of GPS motion packs to control the path of a vehicle.
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