Isle of Man based businessman Roy Tilleard is putting a groundbreaking firm on the Alternative Investment Market.
The Kurawood company is hoping the £17 million flotation will raise £4.5 million to help develop the commercial applications of its product.
Kurawood has patented a timber treatment process that produces a hardwood substitute, which the firm has dubbed Vecowood, from softwood trees such as pine.
The growth in the use of hardwoods in areas such as flooring has caused a sharp drain on resources. and there has been a race to come up with environmentally sound alternatives.
Firms such as Argos, Homebase and B&Q have been testing Vecowood in their products and Kurawood is also in talks with other chains over potential trials.
(Image: A Kurawood product, from the company's website, kurawood.com).
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