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Gardiner & Theobald sees firm future overseas

Gardiner & Theobald has said it expects its global operation to outgrow its UK business in the coming years following the announcement of its latest results

Around 65 per cent of the consultancy firm’s business is currently in the UK, but the company is expanding elsewhere in the world at a significant rate.

Results for the year to 30 April show group turnover increased 27 per cent to £134 million.

In 12 years the firm has grown from a £16 million turnover UK company to a global business with operations in the USA, Eastern Europe and the Middle East.

The economic downturn has caused it to cut its UK staff by 85, although several have been moved to support the growing overseas business.

G&T partner Tony Burton said: “It is likely the overseas business is going to outperform the UK side of the business before too long.

“Throughout the remainder of 2008 and in 2009 we will continue to see UK staff relocating overseas.”

The consultancy believes the downturn will bottom out in 2010.
Managing partner Simon Jones said: “Those who worked through the last recession have very unhappy memories of those times, and rightly so.

“Yet for G&T the recovery from that recession was the springboard for the spectacular growth.”