Semple Cochrane buying spree leaves top post unfilled

Engineering support services group Semple Cochrane has been so busy making acquisitions this year that a top level position has remained unfilled. The post of managing director was vacated by Dan Wright in June after only three weeks in the job. Chairman Tom Clark, who reassumed the post after Wright’s unexpected departure, said the company […]

Engineering support services group Semple Cochrane has been so busy making acquisitions this year that a top level position has remained unfilled.

The post of managing director was vacated by Dan Wright in June after only three weeks in the job.

Chairman Tom Clark, who reassumed the post after Wright’s unexpected departure, said the company was still looking for a replacement.

A spokesman said Clark had devoted his attention to acquisitions since June.

The company reported annual pre-tax profits of £2.2m, up from £1.32m for the year to the end of June on turnover of £46.8m.

Acquisitions accounted for £566,000 of Semple Cochrane’s operating profit.

The figures were slightly depressed by losses in Asia. The region’s difficulties lopped £150,000 off the bottom line.

Semple Cochrane said it would remain active in the region, operating through its Thai office.

Shareholders received a final dividend of 2.67p, making a full-year total of 4.00p, up from 1.95p a year ago.