Environmentally friendly household cleaning products developer Biocare Solutions, is looking to raise as much as £4 million of pre-IPO finance, ahead of an expected AIM flotation in the first quarter of 2006.
 
The company – whose product range includes washing-up liquids, glass cleaners, degreasers and the like – will use the cash to invest in its production facilities and to meet the growing demand for its wares. Although sales are at an early stage, Sainsbury’s has already agreed to stock two of Biocare’s product ranges in the UK, while a plethora of retailers in Italy and the Asia-Pacific region have been signed up as well.
 
In addition to the household cleaning market, meanwhile, moves are also underway to develop various products targeted at the laundry, personal care and car cleaning sectors.
 
‘We are positioned to capitalise on the growing interest among the public, industry and regulators in products that offer both performance and ecological benefits over traditional solutions perceived to harm the environment,’ managing director Tony Higson comments.
 
Broker Seymour Pierce has already been recruited to help lead the group to AIM early next year.