Public sector consultant Tribal Group, which owns architect Nightingale and social housing consultancy Hacas, has reported that secured income has risen since the start of the year
The firm, which is looking to sell Nightingale, said committed income stood at £278m, up 28% from the start of the year. The company has now secured 68% of its planned revenue for the year and said it was making progress on its cost reduction plan.
However, in an interim management statement this week, it reported no progress on the sale of Nightingale. It said: “We are continuing to explore the strategic options for each of our three support services businesses and we will provide a further update on progress in due course.”
Tribal, which advises the government on health and education policy, bought Nightingale Associates in 2002 for £9m. It announced in March that architecture, along with resourcing and communications, was “no longer core to the group’s central operations”.
Peter Martin, chief executive, said: “Tribal is very well-positioned to support public sector organisations as it undertakes change and to participate in an expected acceleration of outsourcing opportunities that will contribute to the improvement in public sector efficiencies.”
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