好色先生TV

Public sector consultant Tribal Group has put its architecture business, which includes Nightingale Associates, on the market following a review of the business, it said today.

Reporting full year results showing 拢17.7m pre-tax profit on turnover of 拢282.8m, the consultant said that, following a review, it would only be focusing on three core areas of business: education, health and government.

The report said the firm鈥檚 architecture business, focused on the health and education markets, had been hit by the culling of the government鈥檚 programme of renewing Further Education Colleges, despite a strong year in its healthcare business. The consultant is to look to sell all three of its 鈥渟upport services鈥� business: architecture, resourcing, and communications, it said.

The decision to sell has forced Tribal to write down 拢10.1m in the value of the architecture business.

In addition it said it had wound down its regeneration business, taking a hit of 拢4m.

It did not give any indications as to when a sale might be achieved, but said that 鈥渋nformal discussions with interested parties鈥� had occurred. Nightingale became part of Tribal following a 拢9m sale in 2002.

Tribal said its social housing business, though hit by declining spending in the second half of the year, would continue as part of its 鈥済overnment鈥� division.