Practice says it expects further growth in coming year
Profit was up at Grimshaw last year as the practice said work outside the UK helped boost its figures.
Pre-tax profit and the remuneration of its 18 members 鈥 the firm trades as an LLP 鈥 went up to 拢4.8m in the year to March 2015 from 拢3.6m last time.
The firm, which is working on the HS2 scheme at London鈥檚 Euston station (pictured), has offices in London, New York, Melbourne, Sydney and Doha.
In a statement accompanying the results, it said: 鈥淭he group continues to build its global reputation for design and client service and the members believe that this will lead to further territorial and financial growth as well as exciting new architectural opportunities, particularly in a recovering world economy.鈥
Turnover dropped from 拢38.6m to 拢36.1m but the company said that this was because of 鈥渓ower proportion of projects where Grimshaw acted as prime consultant and recharged sub-consultant fees to the client鈥. Projects in the US accounted for 24% of group turnover with Australia counting for 16%.
Staff numbers at the business slipped slightly to 324 from 347 with the average profit share between the 18 members coming in at 拢247,000. The members with the highest share received 拢327,000.
Source
This story first appeared on 好色先生TV Design
No comments yet