New ownership model to also see business ownership shared between 15 directors
John McAslan & Partners has announced soaring turnover and profit alongside the implementation of a succession plan which will see its founder John McAslan stay on as executive chair.
McAslan, who founded the practice in 1993 and who turned 70 this year, will remain actively involved in the practice.
A new model will also see ownership of the company shared between 15 existing members of the team including McAslan, who said the move will establish an 鈥渆xciting approach to growing the practice for the next generation鈥�.
The announcements were coupled with the publication of the firm鈥檚 latest accounts showing revenue more than doubling from 拢4.5m in 2022 to 拢10.3m last year and the firm back in the black with a pre-tax profit of 拢1.3m from a 拢1.1m loss last time.
It said last year had been its 鈥渂usiest ever鈥� in the results, which covered the 12 months to 31 October 2023, although the year also saw staff numbers trimmed from 49 in 2022 to 42 in 2023.
Ongoing work includes Grand Central Station in Belfast, Said Global Learning Centre at Oxford University and several major cultural projects in the Middle East.
It is also working on the transformation of New York鈥檚 Penn Station and the new Waterloo Metro Station in Sydney, Australia.
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