Consultant Cyril Sweett has built up a 拢25m acquisitions war chest, Dean Webster, the chief executive, revealed this week.

Speaking after the company posted its first set of results as a listed company, Webster said it had been approached by a number of firms since floating last month.

Webster said: 鈥淲e are evaluating those that are interesting to us,鈥 adding that he expected deals to take place in the next six to 12 months.

The disclosure came as the company reported an increase of 23% in both turnover and pre-tax profit for the six months ending 30 September. Turnover rose to 拢29.3m from 拢23.8m, while profit increased to 拢2.5m, from 拢2m.

The UK still represents by far the largest market for Cyril Sweett, with 88% of the work. Retail and commercial contracts made up 47% of the portfolio. Francis Ives, the chairman, added that it was also looking at moving into waste management.

Ives said the company aimed for its international businesses鈥 revenue share to increase to 25% by 2010. It has established offices in Dubai and Mumbai.

Mike Kemsley, the chief financial officer, said it had been well received by the alternative investment market, noting: 鈥淚t鈥檚 been going well, despite the market being difficult.鈥

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