Roger Knowles and Patrick Lineen have joined forces with 3 leading, construction consultancy practices to form Baqus, which is seeking to float on the AIM market of the London Stock Exchange (“AIM”)

Boxall Sayer, Denley King and Fletcher McNeill are merging their operations under the umbrella of a holding company called Baqus, which will float on AIM and raise funds for expansion, especially by acquisition. Initially the three companies will continue to operate under their existing trading names.

Boxall Sayer has offices in: Chichester, St. Albans, London and Manchester. They have a team of 50 and are a broad based firm with major commissions across the public sector and key private sector clients. As well as quantity surveying they offer a range of services including building surveying and project management.

Denley King has offices in: Poole, Winchester, Canterbury and London and have 32 staff providing project management, quantity surveying, building surveying and other specialist expertise to the public housing, education, retail and commercial sectors.

Fletcher McNeill has offices in: Liverpool, Manchester, Lichfield and Oxford and have 30 staff and specialise in work for the leisure, hotel and brewing sectors.

Roger Knowles is to be the Chairman of the new company. He commented:

“This is an exciting new development for the surveying profession. The three firms complement each other well and this is only the beginning. We are planning to raise funds from AIM to acquire additional, like-minded practices. We are planning to build a national firm which is fully able to compete with the largest practices.

These three long-established, award-winning practices have built their enviable reputations on the quality and personalised nature of the services provided to their clients, which will continue to be their ethos for the future, whilst enabling them to benefit from a wider resource and knowledge base.”

Clive Sayer from Boxall Sayer, Graham Williams from Denley King and Rob McNeill from Fletcher McNeill will sit on the PLC Board alongside Roger Knowles and Patrick Lineen, the financial director.

A team of advisers for the flotation has already been appointed and the process is underway.

Contact:

Boxall Sayer, Denley King and Fletcher McNeill

Roger Knowles 07712 134 999
Patrick Lineen 07818 034 452
Clive Sayer 07967 132221

Seymour Pierce (Nominated Adviser and Broker)

Mark Percy 020 7107 8000
Dru Edmonstone 020 7107 8000

Cubitt Consulting (Financial Public Relations Advisers)

James Verstringhe 020 7367 5100
Mobile: 07970 544 991
Leanne Denman 020 7367 5100