Credit hire firm pulls out of AIM market

Bristol & London, the credit hire business, has announced it will withdraw from the AIM market of the London Stock Exchange later this month.

At an EGM this week, a special resolution was passed to approve the company’s share buy-back offer of 15.7p per share and cancel its listing.

The cancellation will become effective by December 28.

In September its directors proposed the de-listing, citing below-expected revenues, lack of growth in its specialist vehicle credit hire operation and difficult trading conditions.

That month it posted a half-year loss of £670,000.