Annual Report and Accounts

    RNS Number : 8013K
  Baqus Group PLC
  29 December 2008
   



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

    Availability of Report and Accounts


    Following the AGM on 16 December 2008, the report and accounts for the year ended 30 June 2008, which have been posted to shareholders,
are available on the Company's website, www.baqus.co.uk.


    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
 
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