Executive Summary
SMC Group plc is the holding company for a group of architects and designers. It has established expertise in a broad range of sectors, including residential, retail, industrial, workplace, transportation, leisure and education. On 3rd February 2006 the Group announced the acquisition of Ian Penrose Architects and Covell Matthews Architects. These additions to the Group have enabled SMC to expand its national coverage throughout England, with offices in London, Warwick, Manchester, Leeds, Birmingham, Liverpool, Lancaster, Exeter, Plymouth and Cambridge. The Group's core strategy is to create an architectural group with the scale and expertise to access the most profitable schemes across a range of sectors and geographical locations. The Group intends to focus on its organic growth, increasing its share of the UK market and securing larger, higher margin projects. The Group plans to complement this organic growth with earnings-enhancing acquisitions in order to consolidate its geographic and sector coverage.
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