Display stock market numbers and hongkong background

Bath-based glasses designer Inspecs is looking at a potential flotation in the coming months, according to reports.

The company’s Killine arm designs and manufactures spectacles for brands such as Superdry and Radley, as well as making frames for high street retailers like Vision Express and Specsavers.

Inspecs, which was founded in 1988 by former bond traders Robin Totterman after he was unable to find glasses he liked, is looking to raise around £60mln for a market cap of around £170mln.

Operating from a pair of manufacturing bases in China and Vietnam, the group made a profit of $9mln in 2018 from turnover of $57.3mln.

Inspecs said in its annual report last summer that it plans to launch “processes with an intention to float on the AIM stock exchange”, with the Times reporting last June that broker Peel Hunt was targeting an autumn listing.

It is now looking at an initial public offer within weeks, according to the Mail on Sunday.

Chairman of the group is former Tesco boss Ian MacLaurin, the man who hired Terry Leahy as his successor, while Harwood Private Equity has provided investment in recent years.