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Baqus on the takeover prowl after profit boost

Consultant Baqus is looking to make acquisitions after seeing its pre-profits rise 56 per cent.

The London-based AIM-listed firm is ready to acquire firms in the North East, East Anglia and South West as well as Scotland and Wales to plug geographical gaps in the company’s coverage.

It is specifically looking for company’s strong in the infrastructure and energy sectors.

Baqus saw its pre-tax profits for the year ended 30 June increase 56 per cent to £985,000 from £632,000 for the year previously.

Sales also increased, going up 10.6 per cent from to £6.965 million to £7.7 million.

The company now has a forward order book of £9.6 million, representing 15 months of work.

Chief executive Clive Sayer said: “If there are quantity surveyor firms out there who want to sell, they should give us a call.

“Now is a good time to be looking to make acquisitions. We are actively looking and are in formal discussions.”

Baqus has a cash war chest of around £2 million to make acquisitions.