Dowding & Mills, the electrical and mechanical services group, announced its final results showing a 12% reduction in pre-tax profits (before exceptionals). The management blamed the slump on the strength of sterling but the group has other problems. So much so in fact that the board has instigated a restructuring programme to consolidate the group's different divisions into two enlarged segments - engineering services and electrical services. Chairman Simon Sharp remarked that the programme is 'running in line with schedule and budget'. Altogether £6.5m worth of capital has been invested in the past year. A lot of this mony has been invested in new equipment (including a high voltage testing unit at the company's plant in Phoenix, USA and a new heavy bay with a 'state of the art' cleaning facility at the main Birmingham site) and new premises for the calibration business in Camberley.