Infrastructure services group Mouchel Parkman, which has reported an 82% rise in pre-tax profit for the year ending 31 July, plans to double in size over the next four years.
The company, which is changing its name to Mouchel Group, posted a pre-tax profit of 拢48.1m, up from 拢26.4m. Turnover rose 20% to 拢448.4m.
Richard Cuthbert, the chief executive, said: 鈥淭here are plenty of opportunities for organic growth through public infrastructure work. We are also looking for further acquisitions.鈥�
Cuthbert declined to identify companies he was interested in but said the acquisition last year of Hornagold & Hills had been a 鈥済reat buy鈥�, despite founder Stan Hornagold leaving earlier this year. He said he was looking for similar 鈥渂olt-on鈥� acquisitions with a turnover of at least 拢10m.
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