Etailer The Hut has hired advisory firm Rothschild to prepare the company for a flotation later this year, it has been reported.

According to Sky News, The Hut will use Rothschild to help select investment banks to launch the stock market listing.

The move follows The Hut holding a beauty parade of potential bankers in the past few weeks, as revealed by Retail Week at the start of May.

The Hut is chaired by former Matalan chief Angus Monro and former M&S boss Sir Stuart Rose is an investor.

The Hut runs a raft of transactional etail sites of its own and provides ecommerce services to other big retailers.

The Hut is owned by a consortium of private equity firms, including Artemis and Balderton Capital. It reported sales growth of 70% last year.