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GeoSmart Information posts another record year for revenue

A leading environmental consultancy has reported another record-breaking year of growth, with its highest revenue figures yet and a significant increase in flood risk work.


GeoSmart Information’s annual report posted revenue of £1.85 million – up from £1.5 million in 2021-22 – with its flood risk consultants recording a 58% rise in demand from clients over the past 12 months.


The Shrewsbury-based specialist in flood risk, drainage, groundwater and contaminated land said the sustained growth in business has mainly come as a result of local authorities insisting on more detailed information from developers when they submit planning applications for residential homes.


A significant portion of flood risk work also came from large sites and clients reviewing sites for due diligence purposes.


Dr Paul Ellis, managing director of GeoSmart Information, said instead of asking only for flood risk assessments, local authorities and its flood risk officers are also increasingly asking for further detail such as sequential tests, which compare the site proposed for development with other available sites within the council area to establish if the development can be placed elsewhere, as well as flood warning and evacuation plans and sustainable drainage strategies.


The consultancy, which met its overall 30% growth target in the past year, saw its sustainable drainage systems (SuDS) work increase by 25%, while contaminated land work rose by 19%.


Additional demand has led to the specialist consultancy increasing its staff numbers from 24 to 28, with senior appointments including Steve Matthews, insurance and finance business development manager, and Wajid Wastakaran, senior drainage engineer.


It has taken on more office space in Shrewsbury’s Old Bank Buildings, Bellstone, where it has been based for the past six years, and has also opened a satellite Manchester office, where commercial director Martin Lucass is based, attracting key clients to the business.


Dr Ellis said as new legislation is introduced next year, with Schedule 3 of the Flood and Water Management Act 2010 expected to make the incorporation of SuDS into new developments mandatory in England, GeoSmart are expecting its demand for SuDS advice and reporting to grow even more.


“The schedule will provide a framework for the approval and adoption of sustainable drainage systems to regulate rainfall, decrease the volume of water flowing into sewers and storm overflow discharges,” he said.


“This is where we envisage strong growth in our consultancy side of the business and our expert technical team is ready to meet demand.


“As our success continues and our revenue increases, we’ll also continue to invest in the business and to innovate, bringing new tools and ideas to market. We have made a significant investment to develop our new FloodSmart Analytics data and tool capable of mapping the cost of flood risk for all UK properties.


“Our new business plan was accepted by the board and this next financial year should be a transformative one, as well as a profitable one.”

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Dr Paul Ellis, of GeoSmart Information

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Notes to editors

GeoSmart has been collecting and providing data, producing models, and advising a wide range of clients – large utilities, local government, corporates and by millions of individual home buyers – since 2013. GeoSmart is a UK leader in understanding the technical side of floods and provides expert engineering solutions and supports property developers, architects, planning consultants, insurance providers, lawyers, local authorities and infrastructure owners in managing the impact of environmental risks, including historical legacy sites and future climate change. The team includes specialists in flood risk, drainage and contaminated land. It is an associate member of the Council of Property Search Organisations (COPSO) and is registered with the Property Codes Compliance Board (PCCB) as a subscriber to the Search Code. In the UK and elsewhere, flood risk presents particular challenges to the finance sector: · Huge sums insured – probable maximum loss (PML) inflation risk in ‘new normal’ climate · Flood and duration impact – acute and chronic impacts can combine with large cost implications · Timing mismatch between sector business models – finance (up to 25 years) and insurance (usually 1 year) · Customer/Client relationships – need shared understanding of who carries or finances the risk. Who is there for the long term? · Beyond the balance sheet – understanding impact of public works (defences etc.) on resilience of private assets and financial exposure

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