New Basingstoke office
FOR RELEASE
7 April 2010
BAQUS GROUP PLC
(“Baqus” or “the Group”)
Baqus consolidates Winchester and Wokingham operations into a new office in Basingstoke
Basingstoke, 7 April 2010 - Baqus, a leading national building consultancy and quantity surveying group, is pleased to announce that on the 25 March 2010, the former Baqus Denley King office in Winchester and the Baqus Nigel Rose office in Wokingham consolidated into Belvedere House, a modern office space in Basingstoke:
Baqus Group Plc
Belvedere House
Basing View
Basingstoke
RG21
4HG
Tel: 01256 476500
Fax: 01256 842565
Headed up by Baqus Director Chris Newman, the office accommodates sixteen other staff including fellow Director Paul Hoggart. Group Executive Director Graham Williams also has a desk there.
The move is part of the ongoing process of integrating the firm’s recent acquisitions and exploiting synergies between the businesses to offer clients an enhanced range of services. In addition to the normal range of Baqus’ services, the new office provides specialist skills in affordable housing, leisure, transport, commercial, health care, public buildings, education and fire and security.
Baqus clients and staff now benefit from Belvedere House’s close proximity to three major airports - London Gatwick, London Heathrow and Southampton - as well as its excellent transport links to the M4 and M3 motorways and key national rail services.
Clive Sayer, the Baqus Chief Executive, commented:
“The recent office moves are a critical part of the Group’s overall strategy of continuously improving efficiency and the service that we give to our clients whilst at the same time enabling us to control costs. The moves also mean we are able to offer existing team members and people who join the Group in the Basingstoke area a much better working environment.”
Contact:
Baqus Group plc
Clive Sayer (Chief Executive) 07967 132 221
Cubitt
Consulting (Financial Public Relations Advisers)
Chris Lane /
James Verstringhe 020 7367 5100
Background Note:
Baqus was admitted to trading on AIM on the 14 December 2007, having raised £1.75 million through a placing of 17,500,000 Ordinary Shares.
Baqus is a national building consultancy and quantity surveying group offering construction cost consultancy, project management and building surveying services to clients in the UK. The Group works across a number of business sectors including: health, education, leisure, hospitality, affordable housing, residential, commercial and conservation. Clients include local authorities, central government, NHS, residential housing associations, commercial companies and developers.
The Quantity Surveying Market in the UK, estimated to be worth in excess of £1 billion at the time of flotation, is highly fragmented and dominated by a small number of major players, which the Baqus Group Directors believe make it ripe for consolidation. Since the Group's admission to AIM, they have been pursuing a strategy of acquiring small to medium-sized Quantity Surveying practices across the country, the most recent of which is Nigel Rose Group. Previous activity includes the acquisition of Sworn King and Partners in 2008. Once acquired, the practices are incorporated into the wider Group with a particular emphasis on exploiting opportunities for operational synergies with existing business units.
