Corporate Profile

Group consultancies

Management Consulting Group PLC is an umbrella organisation for a diverse range of consulting and professional services offerings. It is comprised of six leading specialist consultancies: Ineum Consulting, Kurt Salmon Associates, Parson Consulting, Proudfoot Consulting,Salzer Consulting and Viaduct Consulting.

Ineum Consulting provides a unique position in the consulting sector from strategy, organisation design, development and implementation and focuses across the following industry groups: Manufacturing, Financial Institutions, Consumer, Utilities, Telecoms and Media, Public Sector and Transportation.

Kurt Salmon Associates is a premier global management consultancy focused exclusively on the retail, consumer products and health care industries.

Parson Consulting specialises in financial management consultancy. It has four service lines: governance and risk management, operational financial management, strategic financial management and transaction support.

Proudfoot Consulting helps clients to achieve significantly increased profitability through the implementation of operational improvements leading to increased sales, lower operating and overhead costs, greater output and lower capital expenditure.

Salzer Consulting is a broad based consultancy that has deep expertise and knowledge of helping clients in starting, managing and restructuring businesses in Greater China and difficult Asian markets.

Viaduct Consulting is a corporate strategy consultancy, helping clients make superior investment decisions. Based in the London, Viaduct specialises in the following sectors: business services, consumer products and services, industrial products, IT software and services, media, printing and packaging, and retail.

Heritage

Proudfoot Consulting was founded in 1946 in Chicago. It grew into an international partnership, which in 1987 listed on the London Stock Exchange. In 2000 the parent company changed its name to Management Consulting Group PLC. MCG is listed on the London Stock Exchange All Share index in the "Support Services" sector.

To accelerate Proudfoot's growth in Europe, it acquired IMR in 2000 and Czipin in 2001 and has merged these into the European Proudfoot business. Proudfoot remains a global consultancy, with offices on six continents.

Parson Consulting was acquired in 2002. It was based in the United States and has now expanded into Europe and the Pacific region. In September 2007, the Group acquired CBH Consulting, a financial management consultancy operating throughout North America. This was merged into Parson Consulting in December 2007.

Ineum Consulting was acquired in September 2006. Ineum Consulting was founded in 2003, being the former Deloitte consulting business in France. It operated in France, Belgium and Luxembourg and has now been expanded into the Netherlands.

51% of The Salzer Group was acquired in October 2006. The Salzer Group was founded in 1997 and operates in Greater China and throughout the Asia-Pacific region. It was rebranded as Salzer Consulting when it was acquired.

Viaduct Consulting was created in June 2007 and operates primarily within the United Kingdom.

Kurt Salmon Associates was acquired by the Group in October 2007. It was founded in 1935 by German textile engineer Kurt Salmon and now operates globally. It is headquartered in Atlanta and has a network of offices throughout North America. It also has operations in Europe and Asia and partnership relationships in India and Spain.

Management's objectives

To be the leading group that redefines and consolidates the management consulting industry into multi-disciplinary consulting and professional services firms whilst delivering substantial shareholder value over the medium term by acquisition and organic revenue and margin growth.

Management Consulting Group adds value to the individual consultancies by its contribution to their strategies, providing capital, assessing investment priorities, co-ordinating the cross referral of work between the consultancies to achieve increased revenue and obtain cost synergies.

Participation

It is the long-term aim that at any time at least 20% of the equity is held by Group employees; this will be exceeded in the medium-term due to the funding of acquisitions by issuing shares.