Essex based contractor the Chigwell Group is considering a stock market float as it continues to expand.

The Enquirer understands the new build, refurbishment and maintenance specialist is currently exploring a possible listing on the Main Market or AIM after registering as a Public Limited Company.

Dean Floyd CEO of Chigwell Group said: “Currently we’re exploring our options regarding listing as a Public Limited Company  This step would allow us the flexibility to offer shares to the public, though it’s not a requirement unless we decide to pursue it in the future.

“We’re evaluating both AIM and full stock market listings to determine which avenue aligns best with our growth strategy and funding needs.

“This demonstrates our confidence in our business model and our readiness to embrace the next phase of our growth journey. We are excited about the opportunities that lie ahead and remain committed to delivering value for our shareholders.”

The group currently employs 250 staff and is predicting a turnover of £50m this year.