Upon launching Chisbridge’s ultimately successful bid to take over InterQuest a year ago, chairman Gary Ashworth told Recruiter he did not think InterQuest was suited to trading on the stock market, adding there was cost associated with trading on AIM – the London Stock Exchange’s international market for smaller growing companies – that a private company would have to pay.

Chisbridge was a company created by Ashworth, CEO Chris Eldridge and chief financial officer David Bygrave.

Earlier this month on 11 May, InterQuest announced it was seeking shareholders' approval to cancel the trading of its shares on AIM.

Elaborating on what this means for the business, Ashworth told Recruiter: “The management team believe that InterQuest would be better off as a private company and has proposed a resolution to delist, following last year’s successful bid for the company by Chisbridge, which was declared unconditional in all respects last August.

“There will be a vote at the EGM [extraordinary general meeting] on 4 June so that shareholders can decide what they want to do.

“If the company is delisted, then there will still be a facility for shareholders to trade shares on a matched bargain basis, provided by JP Jenkins.”

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