Global construction consultant, Cyril Sweett is predicting a year of geographic and divisional expansion in 2006, following a number of business successes in 2005.

Turnover at Cyril Sweett increased by 18.5 % to £36.4million (2004: £30.7million) during the course of 2005, whilst net debt has been reduced across the year by 29 per cent – Leaving the company poised to take a lead in its sector in the UK in 2006.
Comments Francis Ives Chairman of Cyril Sweett; “2005 saw Cyril Sweett complete the next stage of its evolution into a world class consulting organisation, delivering a sustainable, world class service in partnership with our clients. In the UK, we successfully completed a number of projects and reinforced our reputation with some significant project wins not to mention our office expansions in Glasgow, Edinburgh and Cambridge”.

Cyril Sweett continued to strengthen its UK framework portfolio in 2005 and the consultancy now has 49 formal framework agreements in place in the UK. These frameworks are expected to generate revenues of £6million in the next financial year to 31 March 2006.

Dean Webster Cyril Sweett’s Chief Executive adds; “Our strategy of complete regional coverage, combined with strength of service in our key sectors, continues to allow the business to develop and grow. Internationally, we continue to build the platform to ensure that the same levels of service are available, and we expect to see accelerated growth not just in the UK but additionally overseas in the coming years.

Key projects delivered in 2005 include the Waverleygate mixed-use development in Edinburgh, Knockenbracken Health Trust building in Belfast and Chapelfield shopping centre in Norwich to name a few. New appointments include Piccadilly Plaza in Manchester, the Scottish Executive PTMT consulting on rail infrastructure in Scotland and the Environmental Agency delivering accommodation strategy through Cyril Sweett’s ‘Whole Life Performance Team’.

For further information on Cyril Sweett’s end of year results please contact Dean Webster, Chief Executive 0207 061 9333 or Mike Kemsley, Finance Director 0207 061 9092.