BQS Baqus Group

    RNS Number : 2156K
  Baqus Group PLC
  16 December 2008
   

    FOR IMMEDIATE RELEASE
    16 DECEMBER 2008


    BAQUS GROUP PLC
    ("Baqus" or "Group")
    (National Construction Consultancy and Quantity Surveying Group)

    Result of AGM and Trading Update


    The Directors of Baqus are pleased to announce that all resolutions proposed at the AGM in London today were duly passed.

    Roger Knowles, Chairman, made the following comments on current trading:

    "Although the Directors remain cautious about the outlook for the current year, they are pleased to announce that for the first five
months of the current financial year Baqus has successfully won consultancy frameworks for the East London NHS Trust and the Royal Borough
of Kensington & Chelsea.

    There has also been a steady flow of new projects which include work for the �360m redevelopment of Hemel Hempstead town centre (client
advisory), the Portsmouth Continental Ferry Terminal and a commission for Harefield Academy.

    The Directors believe that current market conditions and the Group's strong cash position will provide opportunities for good value
acquisitions and they continue to evaluate potential targets."

    Contact:
    Baqus Group plc
    Clive Sayer (Chief Executive)                                                           07967 132 221
    Patrick Lineen (Finance Director)                                                      07818 034 452

    Seymour Pierce (Nominated Adviser and Broker)
    Mark Percy                                                                                   020 7107 8000

    Cubitt Consulting (Financial Public Relations Advisers)
    Brian Coleman-Smith / James Verstringhe                                           020 7367 5100

    Background Note:

    Baqus Group

    Baqus was admitted to trading on AIM on the 14 December 2007, having raised �1.75 million through a placing of 17,500,000 Ordinary
Shares.

    The Group has been established to create a national building consultancy and quantity surveying group offering construction cost
consultancy, project management and building surveying services. The three founding firms work across a number of business sectors
including: residential, health, education, commercial, leisure, hospitality, affordable housing and conservation. Clients include commercial
companies, developers, local authorities, central government, NHS and Housing Associations. The Group is seeking to expand into other
sectors including infrastructure, civil engineering and transportation.

    Baqus currently comprises four established building and quantity surveying consultancies: Boxall Sayer, Denley King, Fletcher McNeill
and Sworn King who joined the Group in August. The combined Group covers a broad geographical area with offices located in Canterbury,
Chichester, Lichfield, Liverpool, London, Manchester, Oxford, Poole, St Albans and Winchester.

    The Quantity Surveying Market, which is highly fragmented, is estimated to be worth �1.3 billion and is dominated by a small number of
major players. Baqus' Directors believe the market is ripe for consolidation and are in the process of pursuing a strategy of selectively
acquiring small to medium sized Quantity Surveying practices across the country which fit the board's criteria. Once acquired, the practices
will be developed to produce strong organic growth, whilst capitalising on opportunities for synergies with the rest of the Group.


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
AGMGUGQCPUPRGGQ

Baqus Group (LSE:BQS)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024

Baqus Group (LSE:BQS)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024