Preliminary Statement

The group made strong progress in 2007. The core London operations performedvery well and the improvements achieved in certain regional companies were particularly pleasing.

In light of this, we are able to report an advance of 4% in group turnover to £193.8m (2006: £186.3m) and a 24.2% growth in pre-tax
profits to £8.2m (2006: £6.6m). Earnings per share increased by 26.8% to 14.33p (2006: 11.30p).

In view of the strong results and the board's confidence, we are proposing a final dividend of 8.10p per ordinary share making a total for the year of 12p.
This represents an increase of 8.8% over the previous year. The increase in dividend is in line with our positive outlook.

The underlying organic growth confirms the group is in excellent shape. We are experiencing strong demand for our services and our reputation remains first class. There are a range of very good opportunities for future work with demand from a variety of sectors, including the Olympic development programme that is gathering momentum. We believe that the future prospects for the group remain strong in spite of the current state of the UK financial markets.