South-east based accident management company, Alpha Accident Management Group is to float on the Alternative Investment Market to fund its expansion into a nationwide company.

Alpha, established in 1994, has been valued at around £15 million and trading will begin on November 12. It seeks £3.8 million to add to its £3m banking facility.

"There is a huge latent market for high quality accident management services in the UK," said chief executive Jonathan Castle. "The new funds will be allocated to acquisitions of complimentary businesses."

Last year Alpha dealt with 4,661 claims.