Edinburgh, Fife & East Scotland

Shopfitter, Havelock Europa, to move to AIM market

Primark store
Image caption Havelock Europa counts Primark among its high-profile retail customers

The Fife shopfitter, Havelock Europa, has announced it is to move its listing to the Alternative Investment Market (AIM).

The company, which fits out schools, offices and shops, said it would cancel its listing on the main market.

Havelock will need shareholder approval but said AIM would be simpler and cheaper for the company.

Havelock announced a pre-tax loss for 2009 of £5.9m - compared with a profit of £7.7m in the previous year.

Earlier this month, the company's interim chief executive David Hurcomb said he was leaving after two months in the job.

He had taken over from Hew Balfour who left abruptly in April.

The company said Mr Hurcomb's appointment was only temporary and he was leaving to join the building services firm, NG Bailey.

Havelock Europa was founded more than 30 years ago and counts Marks and Spencer, House of Fraser, Sainsbury's and Primark among its high profile customers.

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