Sweett diverts Asia Pacific investment to UK division

摘要

Consultant Sweett Group is diverting investment to its UK division from the Asia Pacific to capitalise on the UK market's "powerful recovery", Dean Webster, Sweett chief executive, has said. Webster said the firm was drawing back resources from its Asia Pacific division - which has doubled in size to £28.6m turnover in three years - to invest in expansion and a recruitment drive in the UK. Webster said: "We're restraining growth deliberately in Asia Pacific in order to grow in the UK. Asia Pacific has now got to run off its own working capital." Webster was speaking after Sweett posted an increase in overall revenue of 9% to £89.4m in the year to 31 March 2014, in full-year results announced this week.