Company Overview

BAQUS is a newly incorporated company established to build a national Quantity Surveying group offering construction cost consultancy, project management and building surveying services. BAQUS will actively pursue selective acquisitions of practices that meet its investment criteria and, once acquired will seek to further develop those practices to produce strong organic growth.

BAQUS has agreed terms to acquire the first three such practices - Boxall Sayer, Denley King and Fletcher McNeill. The Directors believe that the acquisition of these three established and profitable businesses will provide an excellent platform from which to further develop the Group and offer a strong presence in a number of cities and regions across the country.

The Group will provide a broad range of services and expertise including:

• Project Management / Employers Agent and Coordination
• Quantity Surveying and Cost Management
• CDM Co-ordinator Services
• Building Surveying
• Disabled Access Consultancy
• Funding and technical advice including PFI, PPP, Lottery etc
• Expert Witness
• 'One Stop' professional service including other disciplines as required

The Directors estimate that the market which the Group will target is worth approximately £1.3 billion per annum in the UK and is predicted to grow to approximately £1.4 billion by 2009 (source: Market and Business Development Limited, 2004) with events such as the London Olympics in 2012, £28 billion to be spent on schools over the next 5 years and the Government's drive to provide 3 million new homes by 2020.

Furthermore, the Directors believe that the Quantity Surveying market is highly fragmented with only a few national groups, thereby providing significant acquisition opportunities for BAQUS to become a leading consolidator in the market.

The Group will have 95 employees and consultants including 56 Quantity Surveyors across 12 offices and branches in England.

The Target Companies currently generate approximately 52% of their turnover from the public sector and approximately 48% of their turnover from the private sector.