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WYG pays £3.2M for planning consultancy

WYG has acquired Alliance Planning for £3.2M.

The firm said it would create “one of the largest planning businesses in the UK”.

Alliance Planning is an independent planning consultancy, headquartered in Guildford and with offices in London, Birmingham and the East of England. It was established in 1996.

Clients include Frasers Property, Henry Boot, Persimmon Homes, Telereal Trillium and a number of housing associations, city and county councils.

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

Paul Hamer, chief executive officer of WYG, 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.”

In a half year trading update, WYG said its order book has increased by 10% and currently stands at £95.5M.

It expects operating profit to be more than 10% higher than the corresponding period last year, and full year operating profit to be just over £5.25M.

The firm said: “A buoyant UK market is being supplemented by an increasing number of opportunities in Europe following the finalisation of the European budget, enabling funds to be released to the key development agencies responsible for projects in our core markets. Furthermore, our initiative to diversify into other international development agencies is creating opportunities of scale that could transform that part of the business.”

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