Construction and property consultancy Cyril Sweett is set to hit the acquisition trail and it is determined to double turnover in three years.
The pledges came at the firm's maiden interim results for the six months ended September 30. It floated on AIM this year.
The group, which provides quantity surveying, project management and management consultancy services, operates in the UK, Europe, the Middle East and India.
It recently brought its Birmingham and Lichfield offices together in the refurbished Fort Dunlop. Sixty staff moved in with the firm taking 10,000 sq ft.
The group works with and advises government agencies, private sector developers, investors and construction companies, undertaking infrastructure and property projects.
Pre-tax profit was up 23 per cent to £2.52 million while operating profit surged 26 per cent to £2.61 million. Revenues increased 23 per cent to £29.3 million.
The firm has an order book of £67 million to 2013.
Chairman Francis Ives said: "Our markets are strong, we continue to maintain margins and we see significant opportunities to extend our activities overseas."
He promised the £10 million proceeds from the recent placing would support organic progress "but will also give us significant opportunity to extend growth in the UK and overseas through acquisitions".
He added: "Current trading is strong and the board is confident of the outcome for the full year and beyond."
Chief executive Dean Webster added: "We have commenced negotiations on a number of potential acquisitions and hope to be able to announce these in the next six to 12 months.
"Revenue in the year to date has continued to be strong with new project wins achieved in all key markets.
"The group has developed a three-year strategic plan to build a broader based business doubling turnover to £100 million.
"Objectives comprise to continue with strong organic growth by taking greater market share in our existing sectors and to move into other sectors with growth potential; to seek acquisitions in both the UK and overseas, aiming to acquire businesses in our fields that have the same drive and vision for an independent quantity surveying and project management service offer; and to increase our overseas activity five-fold, in the Middle East, India and Australasia, delivering 25 per cent of our revenues from these areas by 2010."
In Europe the group has operations in France and Spain, with clients including HSBC, HBOS, Goldman Sachs, JPMorgan Chase, Pitney Bowes, LaSalle Investments and Marriott Hotels.
The Middle East was said to be producing "very encouraging results".
Major contract wins have included work on the new Dubai Metro and YasIsland, a retail and mixed use project in Abu Dhabi; the Masdar Zero Carbon City project and the Foster & Partners-designed Abu Dhabi World Trade Centre building at the Al Raha Beach development.
It has also been awarded a framework agreement to deliver 24 Holiday Inn Express hotels in Dubai, Abu Dhabi and Bahrain.
Operations in India, from a first office in Mumbai have seen work on new commercial offices for Alliance Bernstein, Goldman Sachs and Royal Bank of Scotland.
Looking to the future, Mr Webster stated: "We see that the economic conditions, when viewed across all our UK market sectors, will remain positive. We are also encouraged by the prospects in a number of growing areas of our business, in particular the waste, sustainability and education sectors."
There is an interim dividend of 0.8p per share. Shares closed down 0.5p to 111p.