Consultant formerly known as Cyril Sweett to use cash to pay debts

Consultant Cyril Sweett has sold a £2.1m interest in a school PFI project.

The firm, which rebranded yesterday as Sweett Group, said the sale of its 19% interest in the Inverclyde Schools PFI project would generate cash which will be used to pay off debts “before being applied to future investments.”