Consultant reports 拢84m order book at start of year and forecasts its recent acquisitions will help take turnover to 拢100m by 2010

Cyril Sweett has announced that its results for the year ended 31 March 2008 will be in line with management expectations. The year included the group's AIM market flotation in October and four new acquisitions.

The international construction and property consultant confidently predicted that by 2010 its turnover would reach 拢100m, with the recent acquisitions expected to 鈥渟ignificantly enhance鈥� group earnings. Its group order book stood at 拢84m at beginning of the new financial year.

The four acquisitions included UK quantity surveyor Nisbet for 拢5.9m, Australian-based project manager BurnsBridge for up to 拢6.88m and Welsh quantity surveyor Roger Richards for up to 拢250,000.

The group also bought the remaining 50% of the issued share capital of UAE-based joint-venture company Cyril Sweett International (formerly Jones Sweett International) for 拢103,518 in cash plus a mutual return of shares.

Cyril Sweett's final results will be announced on 30 June.

The group's PFI activities during the year including the achievement of financial close in January on the 30-year, 拢108m Smarter Schools project for Dumfries and Galloway council led by Cyril Sweett.

The Education for Inverclyde consortium led by Cyril Sweett is preferred bidder on a 30-year, 拢80m PFI schools project for Inverclyde council. The firm is also preferred bidder on a waste project for Norfolk county council, the group's first project in the waste sector.

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