Undisclosed sum paid by AIM-listed firm for QS outfit with four UK offices

AIM-listed firm Baqus has bought fellow QS Nigel Rose Management for an undisclosed sum.

Finsbury Park
Credit:
Nigel Rose was QS on Finsbury Park Transport Interchange

In the nine months ended 31 December 2008, Nigel Rose reported a profit of 拢246,062 on fee income of 拢1.28m.

It has offices in London, Cheltenham, Wokingham and Warrington and the majority of its turnover is split as follows:

  • Residential 30%
  • Healthcare 16%
  • Transport 11%
  • Education 19%.

Clive Sayer, chief executive of Baqus, said: 鈥淲orking closely with the key people at Nigel Rose, we have identified a number of areas when we can expand the business while, at the same time, reducing costs.

鈥淢ore importantly, it will increase the number of sectors in which we have a significant presence and I am confident that it will make a good addition to the Baqus Group.鈥�

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