Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

SMC on the acquisition trail as profits leap

  • Comment
The newly floated SMC Group, one of the very few listed architects, has announced a bumper set of results.

The group - which has made its name by aggressive acquisitions - had promised London's financial markets that it would see a sharp increase in profits.

It has seen turnover increase by 47 per cent to £5.44 million in the six months to the end of June and profits increase by 255 per cent to £1.10 million.

Stewart McColl told the AJ this morning (5 September) that this would only be the start of further expansion, both through incremental growth and aggressive acquisition.

'I would be very surprised if there was not another acquisition by the end of the year,' he said.

He also said that he was putting in place a strategy for a major increase in the company's activities in the public sector. His target is to achieve 50 per cent of the firm's work from this area.

To hit this target, McColl admitted, the firm was aiming to take over a practice with 'extensive experience' in the healthcare market.

And he added that the current performance was 'only the beginning'. 'Our aim is to get a turnover of £15.7 million for 2006,' he said.

by Ed Dorrell

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.