Profit rose to £26m after consultant spent year focusing on work with government, local authorities and regulated industry
A focus on public sector work has helped net engineering consultant Mouchel Parkman a 29% increase in pre-tax profit over the last financial year.
Profit before tax soared to £26.4m up from £20.5m for the twelve months to 31 July. Revenue also saw a healthy increase jumping 21% to £374m.
Chairman Richard Benton said the results were the outcome of its strategy to work with Government, local authorities and regulated industry.
He said: “In the last twelve months, we have strengthened our position as the partner of choice for local authorities seeking strategic partnerships with the private sector in order to contribute to local economic growth and regeneration.”
Benton said the last acquisition, rail specialist ServiGroup, had performed “satisfactorily” but the chairman warned that the immediate future was challenging partly because of network rail’s procurement plans.