<p>It looks like a float is on the cards again for the housebuilding arm of Inverness-based Tulloch. After City rumours last month suggesting that Tulloch is preparing to float on the junior Alternative Investment Market (AIM), chairman David Sutherland confirmed to Housebuilder: “We have appointed Close Brothers to advise on the AIM route and/or private equity.” A listing or sale of the group to venture capitalists could raise as much as £100 million according to some City sources. Tulloch was founded in 1925 and was part of Alfred McAlpine until the late 1980s, when Sutherland led a management buy-out and first considered floatation. </p> <p>The idea was dropped and the business expanded its main and specialist contracting operations over the next decade before looking into a listing again, but taking no action. Tulloch agreed a deal to sell its homes business to Gladedale for around £50 million only for it to collapse in November 2002 after the two sides could not agree a price. Sutherland, whose family owns around half of the Tulloch Group, began reconsidering a float again last summer. He spoke to potential advisors about a listing and wanted to move on to AIM after turnover had reached …