Baqus acquires Nigel Rose

Baqus Group Plc, the London-based building consultancy and quantity surveying group, has acquired the Nigel Rose Group. Baqus said the cash price it is paying for Nigel Rose LLP and Nigel Rose Management Ltd will depend on the group’s adjusted net assets as at June 30, 2009.

Net assets at the last year end were £158,469. The group made a profit of £246,062 before members' remuneration and profit shares on fee income of £1,275,585 in the year to December 31, 2008.

The Nigel Rose business began in 1964 as a firm of chartered quantity surveyors and covers the country from offices in London, Cheltenham, Wokingham and Warrington. The majority of its work in 2008 was in residential(30%), with healthcare, transport and education sectors making up the remaninder.

Clive Sayer, chief executive of Baqus, said: "Working closely with the key people at Nigel Rose, we have identified a number of areas when we can expand the business while, at the same time, reducing costs. More importantly, it will increase the number of sectors in which we have a significant presence and I am confident that it will make a good addition to the Baqus Group."