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May 26, 1988

COMPUTER SERVICE CONSULTANCY BUY-OUT

By CBR Staff Writer

Leeds-based software company Computer Service Consultants Ltd has changed hands in a UKP750,000 management buy-out – backed with UKP400,000 raised under the Business Expansion Scheme by Charterhouse Plc subsidiary Charterhouse Development Capital. The company was formerly owned by the engineering consultancy firm of Broadshaw, Buckton and Tonge and specialises in systems used by structural and civil engineers. The company says it plans to use the investment for expansion into Europe and North America. With an eye on 1992, Computer Services Consultants is also a member of Eureka 130, a UKP14m European project to develop a standardised system for automating steelwork manufacture and design. It has developed a system called Fastrak 5950 which it claims will improve the design of multi-storey and industrial buildings. A spokesman for Charterhouse said the company plans a series of strategic acquisitions of complemendary specialist software companies over the next five years, and added it is hoped that we will be able to bring the company to the market within approximately five years.

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