Scott Wilson Group plc, has announced another consecutive year of strong revenue, profit and margin growth, which looks set to continue with an increased order book. The Group has doubled in size over the past few years and from its Basingstoke headquarters and currently controls a worldwide network of 80 offices.
Revenue for 2008 was up 24.2% on last year with a 29.9% rise in operating profit to £19.1m. (more…)
Scott Wilson Group plc, today issued a trading update prior to the announcement of its preliminary results for the year ended 27 April 2008 on 26 June 2008.
The Group is pleased to report that robust demand for Scott Wilson’s services continued in all its markets through the second half of the year with the order book being maintained at record levels.
Scott Wilson continues to see excellent opportunities for growth especially in its International Division. In April, the Group announced a strategic joint venture with the Chongqing Communications Planning Survey & Design Institute in South-West China. The joint venture, Chongqing Scott Wilson, will capitalise on the combined strength of the two organisations and create additional business opportunities across the region. Scott Wilson has a growing presence in Greater China with a total of nine offices.
As announced in March, Hugh Blackwood became Group Chief Executive on 1 May 2008 and Ron Wall, joint Chief Executive, stepped down from the Board on the same date. The Board remains optimistic about the Group’s future prospects and expects results for the full year to be in line with market expectations.
Scott Wilson Group plc, with over 6,000 members of staff, is an international consultancy offerin integrated professional services in the transportation, property, environment and natural resources sectors.
The Group has doubled in size over the past few years and from its UK headquarters in Basingstoke currently controls a worldwide network of 80 offices, of which 40 are in the UK. The main international centres are located in China, Hong Kong, India, SE Asia, the Middle East, Eastern Europe and Southern Africa.
Scott Wilson Group plc, (”Scott Wilson” or “the Group”), the international consultancy based in Basingstoke offering integrated professional services in the transportation, property, environmental and natural resources sectors, today reports its interim results for the 26 week period ended 28 October 2007.
The Directors believe that the presentation of adjusted operating profit, adjusted operating margin, adjusted profit before tax and adjusted earnings per share assists with the understanding of the performance of the Group.
Reconciliations of these measures to operating profit, operating margin, profit before tax and earnings per share are set out in notes 6 and 13 to the condensed consolidated financial statements.
| 2007/2008 | 2006/2007 | Change | |
|---|---|---|---|
| Revenue including share of joint ventures | £153.1m | £113.2m | +35% |
| Group revenue | £146.9m | £108.6m | +35% |
| Operating profit | £9.6m | £7.1m | +35% |
| Adjusted* operating profit | £11.0m | £7.2m | +53% |
| Adjusted* operating margin 7.2% 6.3% +14% | £153.1m | £113.2m | +35% |
| Adjusted* basic earnings per share | 10.2p | 7.6p | +34% |
| Basic earnings per share | 9.0p | 7.6p | +18% |
| Diluted earnings per share | 8.5p | 7.4p | +15% |
| Interim dividend | 1.2p | 1.0p | +20% |
Geoff French, Chairman of Scott Wilson commented:
This has been another period of significant growth for Scott Wilson, during which we have continued to take full advantage of strong market conditions and reap the rewards of the strategic acquisitions we have made. The important project wins, in both our domestic and international business, during the first half of the year demonstrate the increasing diversity of the Group, both in terms of geography and market sectors. The combination of our broader service offering with a record order book and continuing high demand means that we are confident we will deliver results in line with full year expectations
Scott Wilson Group plc, the Basingstoke based international consultancy offering integrated professional services in the transportation, property, environment and natural resources sectors, is pleased to announce a major new contract with Network Rail for the detailed design of the Airdrie-Bathgate Rail Link. Scott Wilson has already been heavily involved with this Transport Scotland funded project for more than a year, having been initially commissioned in September 2006, to draw up outline designs for the route.
The value of the new contract to Scott Wilson is expected to be up to £10.6 million over the next 12 months. The role of Main Works Designer includes the provision of structural, geotechnical, station, track and depot design services.
Geoff French, Scott Wilson Group Chairman, comments,
We are very happy to have secured this prestigious work which, once again, reflects our reputation for delivering high profile rail projects. It also strengthens our position as leader in the Scottish rail market. We look forward to working with Network Rail to successfully deliver this project.
Scott Wilson Group plc, the international consultancy offering integrated professional services in the transportation, property, environment and natural resources sectors, today issues a pre-close statement prior to the announcement of its interim results for the 26 weeks ending 28 October 2007, due to be announced on 12 December 2007.
During the period, the Group has continued to make strong progress. This has been driven by ongoing high levels of demand in all our main market sectors together with the benefits of recent acquisitions. We have also achieved further improvements to operating margins, in particular in the International Division.
The major new project wins secured in the first half of the year have maintained our order book at record levels and will help to sustain strong organic growth in line with our strategic plan.
The two acquisitions made in the first half, DCL Consulting Engineers Ltd and McLay Collier continue to perform in line with internal forecasts.
The Board is, therefore, confident of reporting interim results consistent with current market expectations for the full year.
Basingstoke based Brackenwood Windows celebrated twenty years of success in Hampshire, Surrey and Berkshire by inivting a very special car to an open weekend last week.
Local families were invited to come on down ‘toot sweet’ to see Chitty, the original star from the 1968 motion picture who has amazed and inspired generations of children all over the world. Also known as ‘Gen 11’, Chitty is based on the famous cars of the flamboyant 1920s racing driver, Count Louis Zborowski.
(L-R: Neil Briggs, David Medcraft & Lee Ackroyd from Brackenwood with the famous car)
The Chitty-tastic weekend also saw the appearance of the star car with her original owner and famous member of the cast! Children could watch the original motion picture on wide screen and there were lots of ‘truly scrumptious’ nibbles for the kids. David Medcraft, Managing Director of Brackenwood welcomed local families to the event commenting,
In celebration of our 20th anniversary, we gave the first 10 eager customers the exclusive opportunity to buy any windows at 1987 prices!
You can find out more about Brackenwood on their new website - www.brackenwood.com.
Basingstoke: Scott Wilson Group plc, an international consultancy offering integrated professional services in the transportation, property, environment and natural resources sectors, is pleased to announce that it has been appointed by the Scottish Borders Council as Engineering Advisor for the Waverley Railway Project.
The value of the contract to Scott Wilson, with the inclusion of call-off services, is expected to be up to £9 million over the duration of the project. Waverley Railway is expected to be opened for service in the Winter of 2011.
The role of Engineering Advisor includes the provision of multi-disciplinary design, requirements definition, reference design and construction supervision and work starts immediately.
The Waverley Railway Project is a 47km rail link from the existing Edinburgh Crossrail scheme at Newcraighall to Tweedbank in the Central Borders and includes seven new stations. The line will serve a combined population approaching 200,000 in the Scottish Borders and Midlothian, two of only three mainland areas in Scotland not currently served by a passenger railway. It will provide an effective public transport link to enable residents of these areas access to important employment, education, health and leisure opportunities.
The Waverley Railway Project is managed by a partnership comprising Scottish Borders Council, Midlothian Council, City of Edinburgh Council and Transport Scotland. As Engineering Advisor, Scott Wilson is one of a number of Specialist Advisors involved in the scheme.
Geoff French, Scott Wilson Chairman, comments,
We are pleased to be awarded this contract win which reaffirms our reputation for delivering major multi-disciplinary rail projects. We look forward to contributing to this project and working closely with the partnership.”
Scott Wilson Group plc, international consultancy offering integrated professional services in the transportation, property, environment and natural resources sectors, today announces the appointment of Sean Cummins as Finance Director Designate (pictured right).
Sean, aged 44, will become Group Finance Director on 1st October 2007. From 1999 to 2007 Sean was the Group Finance Director of Yule Catto & Co plc, a leading speciality chemical company. Sean qualified as a chartered accountant with Price Waterhouse (now Price Waterhouse Coopers), before joining Invensys plc where he held a number of roles including UK Finance Director of Hawker Batteries Group and Divisional Controller of BTR Power Systems.
Sean replaces Stephen Kimmett who has resigned from the Board and will leave Scott Wilson after the handover period to pursue other opportunities. Stephen joined the Group in 1997 and subsequently formed part of the team that completed Scott Wilson’s successful IPO on the London Stock Exchange in March 2006.
Commenting today, Geoff French, Executive Chairman of Scott Wilson Group plc said:
We are delighted to welcome Sean Cummins to the Board. We believe his wealth of experience will prove invaluable in the next stage of the Group’s development.
We would like to thank Stephen for his significant contribution to Scott Wilson. He has been an integral member of the Main Board and senior leadership team and has helped to build the business before, during and since the company’s IPO. We wish him well in the next phase of his career.
Basingstoke-based Scott Wilson Group plc, the international consultancy offering integrated professional services in the transportation, property, environment and natural resources sectors, announced this morning that it has reached a conditional agreement to acquire the business of McLay Collier LLP for a goodwill payment of £2.7m. The acquisition is expected to be completed on 25th July 2007.
McLay Collier operates in the property sector in Central Scotland. It was formed from two well-known local partnerships in 1992 and has a track record in housing, retail, health, education and industrial sub-sectors providing services in structural engineering. Based in Glasgow McLay Collier employs 30 technical staff and four Partners.
Geoff French, Chairman of Scott Wilson commented:
I am delighted to announce today that we have acquired McLay Collier LLP. The acquisition is a further step in line with our stated strategy to complement organic growth and will also help to balance the sector portfolio of our Scotland & Ireland Division. McLay Collier bring new resources and experience to meet the Group’s growing demand and will enhance our reputation in the property sector in Central Scotland.
This follows a year of growth for Scott Wilson as they also release their preliminary figures for the year ending April 29th 2007, with the following highlights:
These results demonstrate the Group’s ability to take advantage of the buoyant trading conditions that currently exist in our key markets. The broad range of consultancy services that we have established across multiple sectors has increased our competitive edge and enabled Scott Wilson to achieve annual double-digit organic growth once again.
During the year, we expanded our capability through selective acquisitions, all of which have been successfully integrated into the Group. I am delighted that we have been able to announce a further acquisition today. The broader scope that we now have, together with our improved margins and record order book, means that the Board remains confident in its ability to deliver our strategic objectives and to continue to enhance shareholder value.
Basingstoke Shopfitting Contractors, Routledge & Young, last week took the trophy for Best Supermarket project of the year at the Shopfitting and Display Industry Awards 2007, held at The Grosvenor House Hotel, Park Lane. Routledge and Young were up against some tough competition, including Tesco, Sainsbury’s and Superquinn, but the project work for a branch of Somerfield in Broadstone helped Routledge and Young take the award.
Somerfield along with the Directors and Team at Routledge and Young were obviously all delighted with the result against some stiff industry competition. Pictured is John Upshall, Contracts Manager from Routledge and Young (second from right) collecting the trophy (with Somerfield Clients) from Fred McAuley (far right).
Steve Skuce, Director of Routledge and Young said:
We are delighted to have won this award. It is all credit to the Design team and Property Management team at Somerfield and the Management and team at Routledge and Young. Somerfield Broadstone was a complicated project and it is good to be recognised not only by our clients for difficult projects but also by the industry. We are looking forward to next years awards already
The trophy is now in pride of place in the company board room, along with the after dinner party photos!
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