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MCG at a glance

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Management Consulting Group PLC provides professional services across a wide range of industries and sectors via the Alexander Proudfoot practice.

Alexander Proudfoot Alexander Proudfoots

Alexander Proudfoot works with its clients to achieve significantly increased profitability through the implementation of operational improvements leading to increased sales, lower operating and overhead costs, increased output and lower capital expenditure.

Group strategy Group strategy

The Group's strategy is to exploit the platform provided by its existing operations in order to drive revenue and margin growth in its current operating businesses. Management believes that the geographical spread of the business and its global office infrastructure will support an increase in its operational activity.

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MCG facts report

Group history

2011 Ineum Consulting and Kurt Salmon Associates merged to become Kurt Salmon, a stronger, more global consultancy business.

2010 Nick Stagg was appointed Chief Executive from 1 July. Alan Barber remained Executive Chairman until the beginning of 2011 when he transitioned to Non-executive Chairman.

2010 Management Consulting Group PLC raised £25 million through a firm placing, placing and open offer of new ordinary shares and warrants. Through this fundraising BlueGem Capital Partners LLP became an active, long term cornerstone investor in the business.

2008 Parson Consulting was restructured, merged into Ineum Consulting and the brand name discontinued. Viaduct Consulting was merged into Ineum Consulting.

2008 Chairman, Rolf Stomberg, and Chief Executive, Kevin Parry, left the Group. Alan Barber became Executive Chairman and the heads of Alexander Proudfoot, Ineum Consulting and Kurt Salmon joined the Main Board.

2007 The Group acquired Kurt Salmon Inc., a consultancy business specialising in the global consumer goods and retail industry and the US healthcare industry.

2007 The Group purchased CBH Consultants Inc., which operates predominantly on the west coast of the USA. This business was rebranded CBH Consulting. This business was subsequently merged with Parson Consulting.

2007 Viaduct Consulting was established to provide commercial due diligence services to corporate and financial buyers.

2006 The Group purchased 51% of the Salzer Group, which was then rebranded Salzer Consulting, a business operating in Greater China and throughout the Asia Pacific region. In 2008 this stake was sold back to its original owners.

2006 The Group purchased Ineum Consulting, the former French Deloitte Consulting business

2002 A new issue of shares raised £39 million which was used to finance the acquisition of Parson Consulting, a US financial management consultancy and its expansion to London, Paris and Sydney.

2001 The Group acquired Czipin & Partners, a business similar to Proudfoot, primarily based in Germany and Austria

2001 Proudfoot PLC changed its name to Management Consulting Group PLC.

2000 Proudfoot PLC purchased IMR Europe, a Proudfoot clone with significant presence in France and Spain.

2000 Proudfoot Japan was sold for £28.5 million in an MBO to its management.

2000 Proudfoot PLC raised £6.74 million with a placing and open offer

1999 Following a strategy review the Chairman, Rolf Stomberg, and the non-executive directors recruited a new management team led by Chief Executive Kevin Parry.

1990s The business declined during the 1990s under a succession of chief executives.

1994 Proudfoot PLC raised £9.6 million in a 2 for 7 rights issue at 60p per new ordinary share.

1993 Alexander Proudfoot PLC changed its name to Proudfoot PLC.

1991 Alexander Proudfoot PLC acquired Indevo, a strategy consultancy with its main office in Stockholm. This business was partly sold and the remainder closed in 1993.

1989 Proudfoot opened an office in Johannesburg, South Africa.

1989 Alexander Proudfoot PLC acquired Philip Crosby Associates, then a publicly traded company on the US Stock Exchange. This business declined in the mid-1990s, was closed in 1996 and partly resold to its original owner in 1997.

1987 Via a reverse takeover of City and Foreign Holdings PLC, Alexander Proudfoot PLC was listed on the London Stock Exchange.

1980s To increase its global reach Proudfoot opened an office in Singapore, followed shortly thereafter by one in Sydney. By the late 1980s Proudfoot had offices throughout the Asia-Pacific region.

1970s Proudfoot commenced operations in Europe, opening an office in London.

1960s Proudfoot began its expansion out of Chicago, initially within the USA and then in partnership with Unibanco in Brazil.

1946 Mr Alexander "Alec" Proudfoot founded the Alexander Proudfoot Company in Chicago, USA. He headed the firm until his death in 1968, when the senior management purchased the company from his widow.

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