Architect posts turnover up 45% as it takes on more staff
Architect Allford Hall Monaghan Morris has seen profit more than doubled in the year it was appointed by Google to design the tech giant鈥檚 拢650m London headquarters.
In accounts filed at Companies House for the year to 31 March 2013, AHMM reported a 157% rise in pre-tax profit to 拢2.2m, up from 拢843,593 over the previous year.
The firm鈥檚 operating profit also doubled, up from 拢1.15m the year before to 拢2.4m.
AHMM also reported a rise in revenue of 45%, up from from 拢12.4m last year to 拢18m.
Managing director Peter Morris said the increased turnover reflected 鈥渁 pick-up in development and construction activity鈥� along with 鈥渁 careful focus on cost management鈥�.
He said the firm鈥檚 pre-tax profit margin had risen to 12%.
Morriss said three years of 鈥渟ustained growth鈥� had helped the practice to expanded by around 70 architectural staff, with the now 250-strong London office into a purpose-built rooftop office in Clerkenwell.
He said other highlights included a doubling of the size of Bristol office to 35 architectural staff, and the opening a new office in Oklahoma City
AHMM was appointed to design Google鈥檚 拢650m Kings Cross headquarters in January.
Although the firm鈥檚 original design, which won planning in September, has now been scrapped by the tech giant, AHMM has been kept on to redesign the scheme as part of a review that could yet see the project double in value.
The practice was also recently appointed to design London鈥檚 new police headquarters, which involves a revamp of the iconic Curtis Green building on the city鈥檚 Victoria Embankment, and has masterplanned the development of the old BBC Television Centre for developer Stanhope.
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