Strand Partners has been recruited to act as nominated adviser to float, while Charles Stanley has been appointed broker.

Operating from more than forty offices worldwide – with its key regional bases in Reading, Texas, Abu Dhabi and Malaysia – Velosi bills itself as a specialist in ‘quality assurance and quality control.’ In practice, this means that the company offers a variety of services to petrochemical industry clients, ranging from risk assessment through to the provision of CCTV networks.

Boasting the likes of BP, Exxon Mobil and Shell amongst its client base, Velosi is expected to join the market next Monday.