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Scott Wilson eyes up new nuclear in 2008

Consultant Scott Wilson is gearing itself for anticipated Government approval of new nuclear power plants next year, chairman Geoff French told NCE today.

Speaking as the consultant posted huge profit increases for the first half of 2007, French said the acquisition of Manchester-based DGP International last December put Scott Wilson in an ideal position to take advantage of a new nuclear build programme.

"Someone's going to have to make a decision on new nuclear next year," said French.

"Through the acquisition of DGP we are now involved in several of the nuclear sites and we have the licenses which put us into the position of being able to work on new nuclear."

The Government's consultation on a new generation of nuclear power plants closed in October and a decision on whether the construction of facilities will be supported by ministers is expected early in the new year.

Scott Wilson's acquisition of DGP was one of several in the second half of 2006 that has helped the consultant's revenue grow to £146.9M for the six months to October 2007, up 35% from £108.6M for the same period in 2006.

French said the revenue growth was roughly split between 10% organic growth and 25% acquisitive growth.

On top of this growth Scott Wilson managed to post a 53% jump in operating profit, after adjustments to account for exceptional costs. Profit for the six months to October 2007 was £11M, up from £7.2M during the same period in 2006.

French added that profit margin for period was 7.2%, slightly ahead of the expectation of 7% for the whole of the 2007/8 financial year.

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