BQS Baqus Group

RNS Number:6549L
Baqus Group PLC
14 January 2008


FOR RELEASE                          0700                        14 January 2008


                                BAQUS GROUP PLC
                            ("Baqus" or "the Group")

            THREE MAJOR PROJECT WINS IN THE FURTHER EDUCATION SECTOR


Baqus Group, the national building and quantity surveying consultancy group,
which floated on AIM last month, is pleased to announce three new project wins
in the further education sector with a projected fee income of �1.5 million over
the next four years.

The contracts, with a total value of approximately �220 million, were awarded
following a competitive tender and approved by the Learning and Skills Council
which is providing the funding for the projects. The contract awards cover the
major works at the following colleges:


 *  �90 million reconfiguration of East Berkshire College's Langley Campus

 *  �60 million redevelopment of Luton Sixth Form College's Bradgers Hill Road 
    Campus

 *  �70 million redevelopment of Havering Sixth Form College's entire estate


The successful tender for these projects follows the appointment in 2006 of the
Group's subsidiary company, Boxall Sayer, for the �101 million redevelopment of
Oaklands College, St Albans, which is the largest funding approved by the
Learning and Skills Council to date.


Clive Sayer, the Chief Executive, commented:

"This is a great start to Baqus's life as an AIM listed company. The three
project tender wins were, without doubt, aided by the work that Baqus has
already completed on the �101 million redevelopment of Oaklands College, St
Albans.

Looking to the future, Baqus's increased geographical spread, together with our
strategy for expansion, should lead to more successful tender wins in this and
other sectors."


Contact:

Baqus Group plc
Clive Sayer (Chief Executive)                                     07967 132 221
Patrick Lineen (Finance Director)                                 07818 034 452
Seymour Pierce (Nominated Adviser and Broker)
Mark Percy                                                        020 7107 8000
Cubitt Consulting (Financial Public Relations Advisers)
Brian Coleman-Smith / James Verstringhe                           020 7367 5100


Background Note:

Baqus was admitted to trading on AIM on the 14 December 2007, having raised
�1.75 million through a placing of 17,500,000 Ordinary Shares.

The Group has been established to create a national building consultancy and
quantity surveying group offering construction cost consultancy, project
management and building surveying services across a number of business sectors
including: residential, health, education, commercial, leisure, social housing,
local authority and government sectors.

Baqus currently comprises three established building and quantity surveying
consultancies: Boxall Sayer, Denley King and Fletcher McNeil. The combined Group
covers a broad geographical area with offices located in Cantebury, Chichester,
Lichfield, Liverpool, London, Manchester, Oxford, Poole, St Albans and
Winchester.

The Quantity Surveying Market, which is highly fragmented, is estimated to be
worth �1.3 billion and is dominated by a small number of major players. Baqus'
Directors believe the market is ripe for consolidation and intend to pursue a
strategy of acquiring small to medium sized Quantity Surveying practices across
the country. Once acquired, the practices will be developed to produce strong
organic growth, whilst capitalising on opportunities for synergies with the rest
of the Group.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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