Company has £25m in cash to spend on 'earnings-enhancing acquisitions' this year

Roy Harrison, chairman of UK-based specialist engineer and builder Renew Holdings, has said that the company has £25m in cash to help fund its acquisition plans.

According to Harrison, the company ended the first quarter of its financial year (ending 31 December 2008) with an order book of £220m.

He said: “In line with our strategy, management is continuing to pursue further suitable, earnings-enhancing acquisitions to add to our specialist engineering business.

“I look forward to reporting on further progress at the time of the group's interim results, which will be announced on 19 May.”