好色先生TV

Monthly income at Grimshaw fell more than 30% last year as the impact of covid and its effect on its key aviation business continued to hit the firm鈥檚 numbers.

Turnover for the year to September 2021 was 拢54.6m, compared to the 拢118.2m it posted in the 18 months to September 2020.

It means average monthly income for the latest period was 拢4.55m compared to an average monthly income of 拢6.6m for the previous 18 months, a one quarter drop.

In its latest accounts, Grimshaw said it racked up monthly operating losses between April and December 2020 but since then 鈥渉as returned to stable profitability and steady revenue growth鈥�.

But it added turnover continues to be hindered by the suspension of work on a planned third runway at Heathrow Airport as well as the lingering impact of the pandemic.

The impact of the pandemic on the aviation sector has been enormous with the number of passengers using Heathrow, the country鈥檚 biggest airport, last year falling to 19.4 million, the lowest since 1972.

Pre-tax profit for the year was 拢4.1m, down from the previous 18 month period鈥檚 拢8.6m, meaning average monthly profit tumbled from 拢477,000 to 拢341,000 鈥� a fall of 29%.

The firm, which is working on a masterplan to upgrade New York鈥檚 JFK airport as well as the new HS2 station at London Euston, said Australia provided it with the biggest share of revenue last year 鈥� although the 拢16m it booked from the country was nearly half of the previous period鈥檚 拢31m.

Income from the UK was down from 拢39m to 拢16m 鈥� a fall of 59% - while workloads from the US fell even more steeply, by two-thirds to 拢6m.

Grimshaw鈥檚 average number of staff at the year-end fell to 440 from 620, a slump of 29%, with the firm claiming 拢48,000 in furlough money from the government鈥檚 Coronavirus Jobs Retention Scheme and a further 拢949,000 from the Australian government鈥檚 equivalent, called Job Keeper. In the prior period, the numbers were 拢660,000 and 拢1.4m respectively.