Bluerock Consulting reports record growth

10 July 2007

Bluerock Consulting, the UK-based Financial Services Strategy and Change Delivery specialists, announces unaudited year end results for 2006-7 which sees the growth story continue. 2005-6 revenues represented an uplift of 60% on the previous year and 2006-7 saw a further 65% increase.

The growth looks set to continue through 2007-8 and the number of consultants will have to double to meet demand.In addition to a significant increase in new business, 2006-7 has seen great success in a number of initiatives that will re-enforce and expand the growth of Bluerock in the future. The highlights include:

• Recruitment of Senior Hires to help manage the growth transition – these include Kevin Webb, the former head of KPMG’s UK Financial Service Technology practice, and Karen Gutierrez, the former head of Atos’s UK Retail Financial Services group

• Setting up a wholly owned subsidiary to supply both specialist and contract skills that lie outside the core Bluerock capabilities – Aldermans Julian Sawyer, founder and CEO of Bluerock Consulting, commented, “This has been another outstanding year for Bluerock. Our clients clearly value our industry-leading knowledge, commitment and experience and the word is spreading. As a result, we have significantly outperformed the levels of growth seen in the consulting industry. The growth is set to continue and this can only happen if we recruit the heavyweight consultants our clients expect. To our recruits, we offer a challenging and exciting career path and the chance to build something special.”

Mark Tennant, Chairman of Bluerock Consulting, said, "This has been a great year for Bluerock. We worked for a broader base of clients than ever before and have built new competencies, particularly in the area of strategic planning in the asset management industry. Given the size of our pipeline, next year is going to be even more challenging and exciting.”

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