Scott Brownrigg says profit nearly halved last year
Brexit and June鈥檚 general election are being blamed for a reverse in turnover at architect Scott Brownrigg.
The firm, which is behind a new 拢22m school being built in Wales鈥檚 Brecon Beacons by Bam, said income slumped 14% to 拢23.3m from last year鈥檚 record 拢27m.
It said: 鈥淏rexit and the general election contributed to a slowdown in the UK construction market, adversely affecting turnover.鈥 But it added that its order book was 鈥渋n good shape鈥 for 2018.
Pre-tax profit fell 47% to 拢1.7m but the firm said it had made a 拢1.5m saving on administration costs as its bill was cut after it moved more staff out of its office at Battersea 鈥 which came with the takeover of GMW Architects back in summer 2015 鈥 into its Covent Garden headquarters. It also sold an office to management in Zagreb, Croatia.
The practice, which last month completed work on the Harris Invictus Academy (pictured) in Croydon built by Galliford Try, said it has broadened ownership of the business among staff and now has 64 active shareholders 鈥 around one in four of its employees.
The bulk of Scott Brownrigg鈥檚 turnover is from the UK with just over 拢3m coming from overseas.
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