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Currie & Brown has announced a major overhaul of its business as it tries to fend off rumours that it is about to be sold to a rival firm.

Euan McEwan, group chief executive officer, said the overhaul had been implemented to strengthen Currie & Brown鈥檚 position as a multidisciplinary company.

He said: 鈥淭here is huge growth potential, we have completed the restructuring and are now looking to build on four core areas of cost management, , building surveying and management consultancy.鈥�

The restructure includes the internal promotions of Dean Sheehy to Birmingham director, Jon Ross to Bristol director and Brian Edwards to Newcastle and divisional director, and the appointment of John Rayson as Manchester director. Rayson previously worked for Franklin + Andrews.

The positions form part of a new company structure that includes five special business units in Scotland, northern England, the Midlands and western England, London and southern England.

The reshuffle follows a tempestuous period for Currie & Brown. In October 2005 six directors walked out, allegedly because of 鈥渃ultural differences鈥� within the company. A number of high-profile figures followed suit, culminating in the departure of the company鈥檚 chairman, Angus McLean, in May this year.

Meanwhile, there has been speculation that the firm is to be acquired and it emerged earlier this month that engineering group Sinclair Knight Merz approached the firm with an acquisition offer. The offer was fended off, but it is understood the decision split shareholders.

One shareholder said: 鈥淭he company could perform a lot better under new management.

It needs a good kick up the backside and that will only come effectively from another company. I鈥檇 be surprised if it hadn鈥檛 been sold by the end of the year.鈥�

But McEwan is adamant that a fresh senior management structure is set to put the company back on track.