| Mouchel reports 49% increase in half-year revenue |
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| | Consulting and business
services provider
Mouchel reports record
half-year revenue growth
of 49% in the period to
31 January 2008.
Mouchel, a consulting
and business services
group, reported a 49%
increase in the group's
half-year revenue to
£308m and a strong
organic revenue growth
of 17%.
Underlying operating
profit for the period
rose 28% to £18m, while
operating margins dipped
only slightly to 5.9%
from 6.9% following the
group's acquisition of
business process
outsourcing company HBS
in August 2007.
During the six-month
period, Mouchel | |
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| | first Building Schools
for the Future
commission in the London
Borough of Hackney.
Earlier in the month,
Mouchel acquired public
sector management
consultancy business
Hedra, extending the
group's strategic
consulting and
transformation expertise
in local and central
government sectors and
regulated industries.
Richard Cuthbert
commented: "The first
half of the year has
seen another period of
strong growth for
Mouchel. We continue to
reap the rewards of a
strategy that is focused
on working closely with
UK public sector
organisations and with | |
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| | industries regulated by
government to transform
public services. All of
our clients want to
reduce the cost of
service delivery while
at the same time
improving the quality of
those services – with
the extended reach
provided by the
complementary
acquisitions of HBS and
Hedra, Mouchel is better
placed than ever to
assist them with this
challenge. The general
market outlook for our
services remains good
and we continue to be
confident about our
future prospects."
In a separate
announcement the company
said it has appointed
Lynton Barker as a | |
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| | non-executive director
with effect from 1 April
2008.
Barker, 60, was
formerly a director of
Hedra Limited (formerly
Hedra plc) from 2003 to
2008, and latterly
Hedra's chairman before
it was acquired by
Mouchel on 5 March 2008.
Prior to joining Hedra,
Lynton was head of UK
consultancy for
PricewaterhouseCoopers
and a member of its UK
main board and of its
European Consultancy
Board. He was a member
of Public Services
Productivity Panel from
2002 to 2007 and
chairman of the
Scientific Services
Agencies Board from 2004
to 2007.
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| | increasing the
forward-order book to a
record level of £2.3bn.
Significant wins include
the appointment, through
the AccordMP joint
venture, to undertake
the HA "super agency"
maintenance and network
management commission in
south-east England (Area
3); and extensions of
the group's highways
contract with
Hertfordshire County
Council and its bundled
services contract with
Lincolnshire County
Council.
In addition, Mouchel
has been appointed
preferred bidder for its | |
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