Capital Pub Company (CPC), the EIS-backed London group, has delayed its planned public listing, M&C Report has learnt.
The group, led by David Bruce and Clive Watson, is to switch advisers, having parted company with KBC Peel Hunt, its nominated adviser.
A spokesman for the pub group said: "CPC confirms that it has given notice to KBC Peel Hunt in an amicable and mutual arrangement.
"Capital remains committed to a flotation this year and will announce its new advisers shortly.”
KBC remains an investor in the business.
It is thought that the company will seek a listing on Aim - the Alternative Investment Market - within the next three months, once new advisers are in place.
It is understood to have begun talking to potential replacements.
The business, which operates about 20 pubs, was set up by Bruce and Watson five years ago to buy and operate managed pubs within the M25.
It is funded through EIS subscriptions - the government's tax-efficient vehicle - which encourages investment in start-up companies.
