Mouchel boosts turnover 44%

Mouchel boosted its turnover by 44% to £148.6m in its final year under that name; it now trades as Mouchel Parkman after the merger with its rival consultancy.

Pre-tax profit increased from £3.9m to £7.7m in the 12 months to 31 July. Mouchel's orderbook stood at a record £469m at that date, but when combined with Parkman's forward orders this total rises to more than £700m.

Managed services boosted turnover by 66% from £58.3m to £97m, delivering a 114% hike in operating profit to £5.1m. Project services turnover was up 10% to £40.5m, giving an operating profit of £1.9m.

Mouchel's pension fund deficit has improved from the half-year position of £23.6m to £18.6m.

The merger with Parkman is proceeding as planned, with a new executive team appointed to run the day-to-day operations of the combined group.