Expect a slew of further floats from Mark Watson-Mitchell, flamboyant market activist, analyst and pundit, and energetic chairman of active capital investor Addworth.

Tanned and re-invigorated following a trip to Dubai, Watson-Mitchell is working on the AIM listing this summer of a ‘profitable’ niche construction engineering player, as well as the possible IPO of ‘a lifestyle’ business supplying qualified health and safety executives to oil and gas firms.

Furthermore, the OFEX aficionado is setting up Early Equity, an Addworth-style outfit into which most Addworth OFEX investments will be slung and which will fund and create new companies earmarked for the resurgent OFEX facility. Projects slated range from internet fraud prevention, TV and film production to game fishing.

Addworth joined AIM in February ’05 and establishes newly quoted companies focused on acquisitions in specific sectors, playing a role in funding at the founder and pre-IPO phase, receiving management fees and a slice of the equity action. It has already floated EBTM (as e-retail) and The Core Business on AIM and uranium project investor Yellowcake on OFEX.

2005 figures revealed year-end investments stated in the balance sheet at £933,000, yet boasting a £1.7 million portfolio value, a near 82 per cent increase. Starvest, the AIM-listed investment vehicle of serial small companies player and 12.5 per cent holder Bruce Rowan, speaks for a further 12.3 per cent of Addworth.