Member Article

Leeds' WYG acquires £3.2 million Surrey consultancy

Leeds-based consultancy firm WYG has acquired Guildford’s Alliance Planning for cash consideration of £3.2 million, reportedly creating one of the largest planning businesses in the UK.

For the year ended 31 July 2013, Alliance Planning reported turnover of £2.7 million and profit before taxation (and before the remuneration of its owner-directors) of £538,614. Net assets of Alliance Planning at that date were £785,850.

Alliance Planning, established in 1996, headquartered in Guildford and with offices in London, Birmingham and the East of England.

Alliance Planning has grown since, securing clients including Frasers Property, Henry Boot, Persimmon Homes, Telereal Trillium and a number of housing associations, city and county councils.

50% of the consideration for the acquisition is payable in cash on completion with the balance due on the anniversary of completion.

Paul Hamer, CEO of WYG plc, said: “We are delighted to be joined by Steve Fidgett, Gerald Sweeney, Andy Stallan and the team from Alliance Planning. We believe that they will be an excellent fit with WYG, significantly boosting our planning and asset creation capability.

“With approximately 100 planning specialists, WYG now has one of the largest teams in the UK. We are also increasingly able to use these specialist skills in support of our international business as they help to develop infrastructure related to population expansion and urbanisation.”

“This acquisition, together with recently announced major project wins, represents a further significant step in WYG’s growth journey.”

“We have enjoyed a very positive start to the year. In the UK, we have retained or won the overwhelming majority of the key framework agreements that we have bid for, which will sustain a substantial proportion of our expected activity over the next 2 to 3 years. “

This was posted in Bdaily's Members' News section by Clare Burnett .