BQS Baqus Group

TIDMBQS

RNS Number : 3788Y

Baqus Group PLC

21 December 2010

BAQUS GROUP PLC

("Baqus" or "Group")

Result of AGM

The Directors of Baqus, the building consultancy and quantity surveying group, are pleased to announce that all resolutions proposed at its Annual General Meeting at 12 noon in London today, 21 December 2010, were duly passed.

Contact:

 
Baqus Group plc 
 Clive Sayer (Chief Executive) 
Patrick Lineen (Finance Director)                 01243 792 220 
Seymour Pierce (NOMAD and Broker) 
 Mark Percy / David Foreman (Corporate Finance) 
 Katie Ratner (Corporate Broking)                 020 7107 8000 
Cubitt Consulting (Financial Public Relations 
 Advisers) 
 Chris Lane / Samantha Boston                     020 7367 5100 
 

Background Note:

Baqus is a national building consultancy and quantity surveying group offering construction cost consultancy, project management and building surveying services to clients in the UK. The Group works across a number of business sectors including: leisure, hospitality, health, education, affordable housing, residential, commercial and conservation. Clients include commercial companies and developers, local authorities, central government, NHS and residential Housing Associations.

The Quantity Surveying Market in the UK, estimated to be worth in excess of GBP1 billion, is highly fragmented and dominated by a small number of major players, which the Baqus Group Directors believe make it ripe for consolidation. Since the Group's admission to AIM, they have been pursuing a strategy of acquiring small to medium sized quantity surveying practices across the country, the most recent of which is Nigel Rose Group. Previous activity includes the acquisition of Sworn King and Partners in 2008. Once acquired, the practices are incorporated into the wider Group with a particular emphasis on exploiting opportunities for operational synergies with existing business units.

This information is provided by RNS

The company news service from the London Stock Exchange

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