Notice of Results
19 March 2008 - 6:03PM
UK Regulatory
RNS Number:4220Q
Baqus Group PLC
19 March 2008
FOR RELEASE 7.00AM 19 March 2008
BAQUS GROUP PLC
("Baqus" or "the Group")
INTERIM RESULTS ANNOUNCEMENT
MONDAY, 31 MARCH 2008
Baqus, the national building and quantity surveying consultancy group, will
announce its maiden interim results on Monday, 31 March. The Group 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.
For further information, please contact:
Cubitt Consulting 020 7367 5100
Brian Coleman-Smith / James Verstringhe / Nicola Krafft
Seymour Pierce Limited 020 7107 8000
Mark Percy / Matt Thomas
Background Note:
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 three established building and quantity surveying
consultancies: Boxall Sayer, Denley King and Fletcher McNeill. 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 intend to pursue a
strategy of acquiring small to medium sized Quantity Surveying practices across
the country. 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
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