In its latest trading update consulting and business services group Mouchel Group plc said its order book and pipeline both remain at around £2 billion. The update did not provide any profit or revenue targets.
The company also announced the appointment of David Tilston as its new Group Finance Director, replacing Kevin Young. Mr. Tilston has previously held senior financial management posts at SABMiller and, in the construction and support services sectors, at Balfour Beatty, Amec, Atkins and SThree.
Richard Cuthbert, Chief Executive, commented
"We are delighted to have appointed a Finance Director with David's wealth of expertise, experience and excellent reputation. He joins us at an important time in the Group's development and I'm sure he will make a significant contribution as we continue to shape the business for the future.
"It's been a real pleasure for me to have worked with Kevin Young in the seven years since the merger of Mouchel and Parkman in 2003. The board is very grateful for his contribution and we wish him every success for the future."
The company said the update confirmed the Group's “excellent visibility” and more importantly, the medium and longer term outlook, which was becoming increasingly positive as the new government's policies are implemented by organisations across central and local government.
Steps to reduce the Group's cost base have continued, with full year savings now expected to be in the region of £25m, including reductions in headcount, offices and other lease costs.
The Group will announce its Preliminary Results on Thursday 28 October, which has been timed to follow the Government's important statement on the Spending Review on 20 October.
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