Aukett Fitzroy Robinson's financial turnaround is continuing apace, according to interim results unveiled today
In the six months ending 31 March, the company, which was formed following the merger of Fitzroy Robinson and Aukett in spring last year, bagged a pretax profit of £47,000 compared with a loss of £165,000 in the same period in 2005.
The group aims to double in size over the next five years and has some huge projects - including the £150 million St Mary le Port masterplan in Bristol - on the drawing board.
During the last year the company has 'rationalised a large chunk' of its offices ( Aukett Fitzroy Robinson enters black following 'rationalisation of operation'
) having sold off its Dutch office - officially called GroupA Aukett - and closed its Glasgow studio.
However, with the departure of the company's 'underperforming operations', the group turnover has risen from £5.54 million to nearly £7 million - an increase of almost 24 per cent.
And buoyant chief executive Nicholas Thompson says he still expects more: 'Historically the profit for the year is weighted towards the second half and this trend is likely to continue in the current year.' by Richard Waite