Bracknell: Pegasus Group shows profit growth in 'strong year'
A leading planning and design consultancy is looking to continue its growth over the next 10 years, on the back of financial results showing a profit of almost £4 million.
Pegasus Group, which is a supporter of the Thames Valley Property Awards, achieved an operating profit of £3.926m, up 5.6% on 2015/16, and managing director Tony Bateman says the aim now is to achieve a 5% growth per annum in profitability.
He said: “Over the next year we consider the opportunities for the company will continue to grow bringing in new work streams and the outlook therefore for this year remains positive.”
Revenue for the year 2016/17 also improved, up from £21.5m to £22.95m while gross profit increased from £8.9m to £10.1m.
Finance director Samantha Kerby said in the Group’s annual report: “Our financial performance so far this year has been strong and beyond that forecast in our existing budgets. We see no reason for this not to continue for the rest of this year.”
Pegasus Group was established in 2003 and has grown to become a leading independent, national planning, design and environmental consultancy. With 260 professionals operating nationally from 11 offices, the last 12 months has seen the Group cement its position as a leading consultant in planning, expand its heritage department and introduce a new transportation venture.
Kerby added: “One of the key aims is to ensure that the group continues to diversify in order to spread and increase revenue from a greater number of work areas and an increased number of clients. This will give us strength to be able to deal with lower levels of economic growth or any future downturn in the economy.”
The Group was originally formed with a strong planning base with a residential emphasis. It is now evolved into four service areas: • Planning • Design • Environment • Economics
Bateman said: “As part of our growth and diversification plans, one area we are looking to grow is Urban Design.
“Our design office in Leeds has continued its expansion, and is now working across the whole of northern England. We have a design office operating directly out of Bristol which has brought an expansion of this work in the south west, and we’re looking to continue to expand our design teams across many offices nationally including the East Midlands, Birmingham, Cambridge, Leeds and the South East.
“Our design work not only incorporates large masterplan and individual detailed layout plans but also architecture in respect of designing all manner of buildings. This part of the company continues to win awards for the quality of its work.”
Next year, in line with national policy, Pegasus Group will publish its gender pay gap information.
Bateman added: “There is a lot of scrutiny on equality at the moment, but we remain committed to equal opportunities for everyone and I am pleased to report that as a business we are roughly 50:50 men to women.”
The annual report also reveals that 59.91% of employees were aged between 30 and 49 and that the average length of service was 5.2 years.
