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After cycling up and down the streets of Mayfair I arrive half an hour late, out of breath, to find the three partners already well into their pints.

The Iron Duke is one of those rare finds, a small, friendly pub well off the beaten track in one of the world鈥檚 most expensive tracts of real estate. It鈥檚 Shreeves鈥� local, I learn, a fact that鈥檚 reaffirmed when Michael whips a loyalty card out of his wallet that shows he鈥檚 bought 63 pints since last Tuesday. I fear for my liver.

The trick, I鈥檓 advised by Graham, is to get served by the barmaid who gives it a stamp for every drink - not the round. Clutching the loyalty card I head to the bar to get a round of drinks in. Success!

Michael whips a pub loyalty card out of his wallet that shows he鈥檚 bought 63 pints since last tuesday

Which brings me on to my first question: how does a relatively recent start-up firm of cost consultants have offices in swanky Grosvenor Street? Graham explains it was partly down to luck. 鈥淲hen we decided to set up I phoned up a developer I knew who had a vacant space in an office they were due to redevelop, so here we are鈥�. This is on top of offices in other exotic locations including Abu Dhabi, Dubai and, er, Watford.

Conveniently skipping over the latter, Michael turns to the Middle East market, which he has been cultivating over the years. I ascertain that the way of doing business is a bit different to the UK. 鈥淭he first meeting I went to in Abu Dhabi I ended up waiting five hours for the client to turn up,鈥� he recalls. 鈥淏ut when he did, the first thing he asked was if I could start on Sunday. That was for a job on the Grand Mosque in Abu Dhabi. It was five hours well spent.鈥� The company now has a dozen staff out there.

Talk naturally turns to football. I detect there鈥檚 not exactly overwhelming support for the England team around the table. In fact, no one seems to rate their chances. 鈥淚鈥檝e got Italian blood in me so I鈥檓 backing Italy,鈥� says Michael, which is bizarre given he鈥檚 got a West Ham season ticket. Spain and Brazil come out as the other favourites.

This prompts further discussion on sport. It turns out that Michael and Gary share a love of horse racing, which is more than can be said of Gary鈥檚 other pastime - gardening. Among his current crop, he says with pride, are potatoes, peppers, lettuces and chillies. 鈥淭hat must be one hell of a window box,鈥� jokes Graham.

鈥淚鈥檝e not got the time for gardening,鈥� says Michael. 鈥淏ut I do have a gardener,鈥� he says by way of an excuse. 鈥淒oesn鈥檛 everyone鈥�?

As the evening progresses we come on to pictures adorning the wall. As you鈥檇 expect, there are numerous prints showing the Duke of Wellington wearing his namesake boots. A handy potted history explains the original boots were suitable for wearing into battle and for an evening out. Now that鈥檚 what you call a design brief.