Cyril Sweett is planning to expand into south-east Asia after its 拢5m acquisition of Burn Bridge Holdings in April.
Burn Bridge operates in Australia and Abu Dhabi, but its Singapore office is seen as a potential springboard into Japan, Hong Kong and Vietnam.
Speaking after announcing strong results for the year ended 31 March 2008, Dean Webster, chief executive, said: 鈥淪ingapore will be our south-east Asian headquarters and we鈥檒l grow from there into a global business.鈥 The expansion will include India and 鈥渙ne or two more Emirates鈥 following its work in Dubai and Abu Dhabi.
Over the year, Cyril Sweett, which floated last October, increased pre-tax profit 28% from 拢4.6m to 拢5.9m and turnover 20% from 拢52.1m to 拢62.7m.
Mike Kemsley, finance director, said the group still had 拢15-20m for acquisitions but deals had been hampered by unrealistic valuations.
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