A Cardiff-based project management, quantity surveyor and cost consultancy practice has announced record results.
For its financial year to the end of January this year TC Consult, which was established 19-years-ago, grew revenues by 12% to £904,000 – while maintaining a strong Ebitda margin.
In the past year, the consultancy has expanded its staff from 10 to 14, welcoming two new quantity surveyors, a project manager and an executive assistant, significantly increasing its capability to meet client demands.
The growth follows a shareholder buy out by Paul Tambini in 2023, achieved with funding from the Development Bank of Wales, which saw him becoming the sole owner of the business.
Reflecting on the firm’s growth figures, Paul Tambini, director of TC Consult, said: “This past year has marked a significant milestone for us, not only financially, of course, but also in how we’ve strengthened relationships with our clients and fostered a culture of collaboration and commitment internally.
“By investing in our team and innovative technology, including the use of AI, we’re ensuring we consistently deliver beyond expectations for our clients.”
TC Consult has developed a particular specialism in working on listed buildings and heritage projects.
One of the major projects it delivered last year was the multi-million-pound refurbishment of Wrexham's General and Butchers markets, both grade II-listed buildings. The projects involved transforming the historic market spaces into modern facilities for food and dry goods traders, while preserving their architectural significance. The scheme was delivered in collaboration with SWG, Lawray Architects, CWC and SP Project.
Another landmark project was the extensive redevelopment of Swansea’s Palace Theatre, a Grade II-listed building into a new co-working space. The redevelopment, led by Swansea Council with support from the Welsh Government’s Transforming Towns funding, was delivered in partnership with R&M Williams, GWP Architecture and Hydrock.
New clients secured in the past year include the Outward Bound Trust, Tai Tarion, Bron Afon Community Housing and The Youth Hostel Association.
Looking ahead, TC Consult has reaffirmed its commitment to Cardiff by extending its lease in the city centre for an additional five years.
“Our renewed lease in Cardiff underlines our commitment to Wales and sets the stage for our next phase of sustainable growth”
Mr Tambini said: “We want to build on what we have achieved this year, with staff and customer satisfaction remaining at A Cardiff-based project management, qua the very heart of everything we do.”
