Architect 3DReid more than doubled turnover to 拢18.2m in the year to 30 April 2008, thanks to its acquisition of Geoffrey Reid Associates in September 2007

The deal added 拢7.3m in turnover but pre-tax profit fell from 拢915,127 to 拢329,956 as a result of the acquisition and subsequent integration costs.

Despite the result, trading has worsened since then and the Glasgow-based architect said it had begun a review of the company鈥檚 cost base across all of its offices. Its net debt at the year-end stood at 拢5.6m, up from 拢1.1m the previous year.

The pay of the highest paid director rose 76% from 拢144,238 to 拢253,357.

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