QS grew revenue 10% in year to April

London cost consultant Alinea has said it is looking at more work from overseas to offset the slowdown in the UK caused by the covid-19 crisis.

The firm already carries out work in Australia, the US and Europe with this part of its business currently accounting for between 5% and 10% of its income.

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The capital remains the firm鈥檚 stronghold with 80% of its business taking place here

But the company said it was looking to double overseas turnover. 鈥淚t鈥檚 not inconceivable to do that and it would help offset the slowdown over here,鈥 said Alinea co-founder Iain Parker.

But the firm is unlikely to set up an overseas base. 鈥淲e鈥檝e tended to resist that,鈥 Parker added. 鈥淚t would have to be a mega project or a client request.鈥

Alinea has recently picked up work in Spain, Italy and Germany but its bread and butter remains London where around 80% of its business is concentrated 鈥 with around one third of that commercial office space.

The firm said it improved revenue in the year to April by 10% to 拢16.8m and Parker added: 鈥淲e are pleased with the increase, particularly given we experienced the first six weeks of lockdown as a part of our financial year.鈥

Parker said the firm鈥檚 projected revenue for this year would be hit by the covid-19 pandemic but added: 鈥淲e鈥檙e aiming to be flat. If we鈥檙e flat, we鈥檒l have done very well.鈥

He admitted: 鈥淣ext year is going to be tough. Some jobs are being paused while clients work out what to do.鈥

But he added the firm has not furloughed any of its 107 staff and said: 鈥淲e need everybody. We鈥檝e had a strong start to the year and we鈥檙e pretty busy.鈥

Other areas it wants to grow include public sector work, where its jobs include Parliament鈥檚 Northern Estate programme, the scheme Wates is working on to revamp a series of listed buildings in Whitehall, and life sciences with the firm working with developer Stanhope on schemes at Royal Street in Southwark and the British Library in King鈥檚 Cross.

The firm will reopen its Cannon Street office today (Monday) with around 20 staff set to be at their desks ahead of the firm getting fully back up and running by September. 鈥淭here鈥檚 a growing expectation from clients that they鈥檇 like to see us back in the office,鈥 Parker said.

Alinea currently has 130 active projects including British Land鈥檚 commercial scheme at Blossom Street in Shoreditch, set to be carried out by Skanska, Lendlease鈥檚 8 Bishopsgate office in the City for Stanhope and the Salesforce Tower in Dublin.

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