Profits at consultant Hyder last year jumped a whopping 47% to £14.3M. This was on the back of a 19% increase in revenue to £203.1M.
The firm's performance has been buoyed by three acquisitions in the last year, part of an increased focus on high margin management and advisory services. Hyder chief executive Tim Wade said that management and advisory services work had increased the firm's involvement in the early stages of projects.The three companies bought by Hyder are ecological consultancy Cresswell Associates; German transportation specialist Munnich Projekt; and Hong Kong based master planning and landscape architecture firm ACLA, which also has an office in Dubai. Combined purchase costs for the three were £9M.Since March, Hyder has also bought quantity surveyor RPA.Staff numbers have grown from 3,400 to just less than 4,000 in the past 12 months.