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Stanton Williams beat its revenue target last year with the firm increasing turnover to 拢7m.

The former Stirling Prize winner had set itself an income target of 拢6m but hiked its revenues by 18% to exceed the figure by 拢1 million in the year to September 2014.

Pre-tax profits slipped to 拢697,000 from 拢872,000 but the firm said it was now growing its business with new work, which it said, was 鈥減articularly strong, having received a majority of our work through invitation, a reflection of the growing reputation of the practice鈥�. It said the majority of its projects were in the 拢20 - 拢60m price bracket.

It added: 鈥淭he practice is pleased to have achieved or bettered nearly all of our key performance targets.鈥�

The number of staff at the practice, which is working on a revamp of the Royal Opera House (pictured), jumped from 78 to 95 during the period while the salary of the highest paid director, who is not named, was up 拢10,000 to 拢133,589. The firm鈥檚 wage bill bust the 拢1 million mark, rising from 拢914,000 to 拢1.1m.