Investors are set to be swamped with results in the next couple of days as Aim companies leave publishing deadlines to the last possible minute. Held up by new International Financial Reporting Standards (IFRS), around 120 companies with December year ends are due to put out interims this week.

Accountants and business adviser KPMG looked at all Aim companies with a market capitalisation above £10 million and a December year end. Aim rules set down by the London Stock Exchange (LSE) give these companies until 30 September to publish their numbers. Given that day is a Sunday, it means an effective deadline of Friday.

Ginny Stevens, head of Aim Audit at KPMG, says: ‘There is no doubt the implementation of IFRS is proving a challenge for many Aim companies, and that is resulting in delays.’ IFRS replaced the old UK Generally Accepted Accounting Principles (UK GAAP).