Helphire says it is not in talks about a possible acquisition for the company, but does not deny that it has been approached in the past.

The Sunday Telegraph stated that the company was approached by CVC last month, but that these have been terminated.

In a statement to AM, Helphire says: “Helphire is not in discussions with any party regarding a possible offer for the company.”

The rumours saw Helphire’s shares rise to 420p before dropping back to 373p (June 8), valuing the company at £502m.