Nominated advisers to small and mid-cap companies listed in the UK have traditionally provided relatively light oversight of clients. But with the downturn making life more difficult for companies listed on the London Stock Exchange’s junior Alternative Investment Market, Nomads have more weighty responsibilities.

The intensity of all advisory relationships has increased significantly over the past six months as companies have sought more guidance on how to weather the downturn and advisers have had to spend more time figuring out the best solution in each case.