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Aukett Fitzroy Robinson enters black following 'rationalisation of operation'

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Aukett Fitzroy Robinson has rationalised a large chunk of its offices, the practice has revealed.

Making the announcement at the same time as revealing its best trading figures for some years, the company's chief executive unveiled the structural changes.

The company has sold its Dutch office - officially called GroupA Aukett - and also plans to close its Glasgow office.

But the announcement was, in general, upbeat, due to the turnaround in trading.

The group achieved a net profit before tax for 2005 of £160,000, compared to a 2004 loss of £1.33 million, on work done of £12.6 million, which compares to £11.9 million in the previous 12 months.

These figures represent a significant change for the group, which is made up of Fitzroy Robinson and the previously troubled Aukett.

Nicholas Thompson, chief executive of the group, said he was pleased with the results. 'Most of the shortcomings have now been addressed in the UK and throughout the wider European network,' he said.

'Under-performing operations have been either rationalised or sold, with internal control systems strengthened.

'A new management team is in place to ensure that the enlarged group operates and grows from a stable base in what is a competitive market place.

'Our intention is to implement a growth strategy which aims to double the size of the business within the next five years.

'This strategy will combine organic growth underpinned by greater volumes through existing business streams alongside a general increase in the scale of projects, as demonstrated by recent project wins,' Thompson added.

by Ed Dorrell

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