Capita Symonds is well-placed to ride out the credit crunch owing to its lack of exposure to the commercial market, the group’s managing director says.
Jonathan Goring’s comments came as the consultant announced results for 2007 that showed that turnover grew by 8.5% to £244.6m.
In the 12 months to 31 December, operating profit increased from £13m to £20.5m.
Goring said: “We have seen no evidence at all of the downturn, but that’s because our commercial exposure is very limited.”
He added: “The past 12 months have seen us restructuring. For example, we brought together our architecture practices under a single brand, Capita Architecture.”
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