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SMC reveals global ambition running into billions

SMC boss Stewart McColl has set out further plans for world domination, claiming his group will soon be vying for a £2.5 billion slice of the global architecture market.

Speaking yesterday at the first SMC Group conference held in London, McColl said the group would continue to consolidate, first in the UK and Ireland, then mainland Europe, and would then move into the Far East and Australia.

McColl said: 'Our turnover this year will be £35 million, and our projections look at £58 million by next year. But if we capture a 5 per cent share of the UK market we will be looking at a £150 million-a-year turnover.

'However, the world market is worth more than £80 billion. If we can capture just a 3 per cent share of that market, our annual turnover will be £2.5 billion a year.'

McColl's astonishing plans include buying further offices in Northern Ireland, Wales and the Republic of Ireland.

SMC will then look to buy in Sweden, Denmark, the Netherlands and Germany.

McColl added: 'We will also look to buy in Australia, because of the Australian dollar, and the Far East as well as the Middle East. We are also looking at India for outsourcing reasons.

'And finally we will be turning our attentions to the US, but only after we have a strong enough foothold in the rest of the world first.'

by Richard Vaughan

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