With a market cap of £16.74m, Paycorp plc has burst onto the PLUS market following its reverse takeover of Birch plc, itself PLUS quoted, thanks in part to Cobbetts’ dynamic public markets team who only last month advised Daily Internet plc on its admission to the AIM alternative.

Paycorp Plc is a primary provider of integrated electronic payments solutions for some of Australia’s and New Zealand’s largest enterprise level corporates and financial institutions – and their figures really do stack up.
With over 50,000 paying clients, they process in excess of 14 million transactions every year (one payment every three seconds) which equates to £3,000,000,000 of payments every year.

Little wonder they are recognised as a global heavyweight and the provider of choice for blue chip companies looking to reduce their outgoings, increase operational efficiency and ultimately grow their income.

The Cobbetts team led by Sue Johnston advised on the reverse takeover, placing and readmission of the enlarged group to PLUS, acting for the corporate advisor Zeus Capitol Limited, a Manchester-based investment banking operation.

Sue Johnston said: “Paycorp is one of Australia’s fastest growing companies. Birch plc was floated on PLUS in 2006 raising at that time £1.57 million.

“Paycorp is essential to businesses requiring secure payments and billing which explains the marked growth. Not only that, it is one to watch in the future as it has ambitions to expand into the Asia Pacific region and Europe.”

Picture caption: Sue Johnston