Merlin boss identifies 2013/2014 for stock market flotation

Merlin Entertainments chief executive Nick Varney has identified a window of late 2013 or early 2014 as possible time to float his company on the stock market.

He withdrew a plan to make Merlin a public company in 2010, citing turmoil in the London Stock Exchange as reason for the u-turn.

“It is our aspiration – Merlin’s ultimate destiny is to be a public company,” he told the Financial Times newspaper.

“Late 2013 or early 2014 is the next window to float the company [but] we would like to see a bit of stability in the market before we test the water.”

The talk of stock market flotation re-emerged today when Merlin announced a 12% increase in net profits, making £222 million in 2011.

The Financial Times article stated that Merlin generates 65% of its income from ticket sales, with the remainder coming from food and retail spending at its attractions.