| | Specialist management
consultancy Baringa
Partners LLP has
recorded a successful
financial year to the
end of June 2009. The
company grew its revenue
from across Europe by
25% to more than £20m.
Revenue growth was
accompanied by a 25%
increase in headcount,
and the company now has
more than 120
consultants specialising
in defining and
delivering business and
technology change
programmes across the
energy, utilities and
financial services
sectors.
Mohamed Mansour,
managing partner of
Baringa, said: “Despite
the difficult
macro-economic
conditions, the
opportunities in
commodities markets, the
existence of significant
post-merger integration
challenges, and the need
to address fundamental | |
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| | market issues, such as
smart metering, have led
to a growth in demand
for the services we
provide. As a privately
held and nimble
organisation, Baringa
has been able to adapt
to clients’ demands and
requirements and our
ongoing focus on
experience and value has
resonated with
organisations facing
ever greater pressure to
ensure measurable
returns from their
investment in
professional services.”
The firm said the
last year had seen it
complete strategically
important, high-impact
projects, and has
cemented its reputation
for managing large,
multi-stranded change
programmes across a wide
variety of businesses.
It has also built on its
capabilities in the
field of post-merger
integration to deliver
value for a number of | |
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| | Year category at the
2008 British Computer
Society IT Industry
awards, beating more
than 30 of the UK’s
leading consultancies in
the process.
Looking forward,
Baringa Partners plans
to extend its footprint
into a variety of areas,
including water and
regulated utilities,
insurance and risk, and
expects to establish
permanent bases in
mainland Europe to
increase its ability to
service its
international client
base. The company has
also strengthened its
foundations for future
growth by extending and
diversifying that base,
adding considerably to
the number of businesses
with whom it works. The
company plans to invest
in infrastructure in
order to support this
expansion and ensure
continued delivery of
value to its clients.
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Mansour added: “The
strength of our culture
is bearing fruit, and we
appreciate the faith
that both our employees
and our clients continue
to place in us, and the
role they have played in
helping us to achieve
another very successful
year.
“It has been a
challenging time for
everyone involved in our
industry. Nonetheless,
the last 12 months have
demonstrated that our
philosophy of creating
genuine partnerships
with clients, focusing
on sector experience and
specialist knowledge,
and attracting and
retaining the best
people into our business
to ensure we add real
value to clients is the
right one to adopt. This
is an exciting time for
Baringa Partners, and we
are looking forward to
pursuing the
opportunities ahead of | |
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