Financial highlights for the year ended 30 June 2007

• Continued improvement in business mix and operational efficiency resulting in increased underlying operating margin
• Revenue level at £171.5m (June 2006: £171.9m) - strong growth in the UK business driven by increased Technical Consulting content from Asia and Germany, offset by expected reduction in Strategic Consulting and the slow start in the US in the first half
• Underlying profit before tax up 13% to £12.2m after US management change costs of £0.4m (June 2006: £10.8m, excluding a £3.7m pensions credit)
• Profit before tax £12.2m (June 2006: £14.5m)
• Order book up 28% to £92m (June 2006: £72m)
• Basic earnings per share up 23% to 29.6p (June 2006: 24.0p, underlying 18.8p)
  significantly benefiting from retrospective R&D tax allowances resulting in an overall tax credit
• Full year dividend (paid and proposed) increased by 6.4% to 10.0p (June 2006: 9.4p)
• The broader geographical, sector and client base combined with additions to the senior management team, positions the business for further growth in the current year