Practice blames move on 鈥渃urrent economic circumstances鈥� and jobs being put on hold
AHMM is making 鈥渁 number鈥� of redundancies following a series of stalled projects, despite its turnover having grown in the past 12 months.
The practice behind the in King鈥檚 Cross for pharmaceutical firm Merck is thought to be cutting around 40 staff from its headcount of 478.
It blamed the move on the 鈥渃urrent economic circumstances鈥� and postponements of instructions from clients to progress schemes.
The 拢44m-turnover practice said in a statement: 鈥淎HMM is, unfortunately, making a number of redundancies among our UK employees.
鈥淎lthough turnover has grown overall in the past 12 months,鈥痶he current economic circumstances, particularly in the UK, have had an impact on the size and shape of the business.
鈥淒espite the practice remaining busy on the majority of its projects, some projects have been put on hold unexpectedly, and instructions to proceed to the next stage on others have been postponed.鈥�
It added: 鈥淭his is a difficult decision to make at this time, particularly as we were able to navigate the period of instability brought about by the pandemic without making redundancies.
鈥淲e are consulting with, and supporting, our staff through this period.鈥�
The practice, which is an employee ownership trust, reported a in the 12 months to 31 March 2021 due to planning delays and hold-ups of new projects caused by covid.
In the 12 months to the end of March 2022, it saw its turnover edge up by around 拢400,000 to 拢43.8m.
Other major projects AHMM is working on include the , which was delayed by the second staircase rule on housing blocks above 30m.
The scheme, designed for Landsec, was approved for planning in March after it was sent back to the drawing board to add additional stair cores following Sadiq Khan鈥檚 ruling bringing the fire safety requirement into immediate effect.
Other schemes hit by the new rule include , while housing association Peabody has said it is
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