The days of independent trading for Weeks, the consulting group,
could well be over following the announcement of an agreed bid last
week worth £7.5m from Bureau Veritas, a private French
consultancy.
Chief executive Philip Hill said: "It reviewed professional
consultancies in construction in the UK and we were the best
fit."
The name Weeks Consulting will be retained. Hill will be managing
director, while Chris Slack retains his position of managing
director of Weeks Laboratories. Both will report to Olivier Guize,
who heads up Bureau Veritas' existing presence in the UK, which
runs to 700 employees and has an annual turnover of
£40m.
"The group has a UK position in several other sectors, including
marine and plant safety, plus a certification business that is
comparable to the one run by Lloyds," said Hill.
"Its consultancy work here has so far been restricted to noise and
vibration, with no coverage of construction."
In the last full year Weeks made a pre-tax profit of £1.2m on
a turnover of £19m, but at the most recent interims (six
months to 30 September 2002) it was only just in the black, at
£354,000. It recently issued a profit warning, a result of
margins sliding as expensive subcontracted staff were brought in to
compensate for manpower shortages.