City & Corporate: Binns signs up to Centrom for AIM

IT consultant Centrom has hired Binns & Co for the company's £2m AIM listing.

Binns & Co is handling financial PR efforts on the float, which is due to take place this month.

Centrom produces software and manages IT systems and databases for a range of public and private sector clients including AMEC and Nuffield Private Hospital Group.

Centrom has blamed the slower market conditions around the recent general election for low earnings which will give the company a price-to-earnings ratio half that of its industry sector.

But the company says pre-tax profits will be £1.5m for the financial year ending December 2005.

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