Engineering consultant says firm will continue to grow in 2006 as commercial property market strengthens.
Engineering consultant WSP today said that a stronger UK commercial property market was set to boost growth this year and next.
In a trading update ahead of year-end on 31 December, WSP said that private sector work represented more than two thirds of its turnover.
It said that the commercial property markets in Sweden and America were also strong.
In a statement to the stock exchange WSP said that it was confident about the prospects for 2006 but added: “We continue to be vigilant in the management of this growth, matching our cost base to revenues and discerning in the opportunities which we pursue.”
WSP also announced that it has appointed Stuart McLachlan as an executive director on the board. McLachlan has been managing director of the WSP’s environmental business since it was established 10 years ago.
He will remain responsible for its development while undertaking a wider group role.
WSP has appointed Ernest Sheavills, Marisa Cassoni and Mark Rollins as non-executive directors. Sheavills is director of property development and asset management at the Royal Bank of Scotland. He will retire form that position at the end of this month.