Berkeley Scott Group is poised to make a reverse takeover of training and recruitment consultancy Quantica.

In a statement issued earlier today, Berkeley Scott said it had been in negotiations with the Quantica board for "several weeks" and was now close to making a recommended cash offer for the firm.

Quantica confirmed it was in "advanced negotiations" with Berkeley Scott and revealed that the deal under discussion consisted of an all cash offer with a full share alternative, with Berkeley Scott paying "no more than 50p" per ordinary share.

Quantica said a further announcement would be made "within the next two weeks". In the meantime Berkeley Scott, headed up by John Rose, pictured, will be holding meetings with investors to help fund the deal, possibly through a share placing.

Any offer would be subject to the approval of Berkeley Scott shareholders.