Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Turnover at Grimshaw balloons 44%

  • Comment

Grimshaw saw revenues increase 44% while fellow UK big hitter Scott Brownrigg reported a 69 per cent profit surge

Turnover at Grimshaw was £24 million in the year ending 31 March 2013 compared to £17 million in 2012 – accounts filed with companies house revealed.

The figures – which relate to the high-profile outfit’s London, Australia and Doha studios – showed net revenue per employee boomed by more than a half from £88,805 to £136,699. Pre-tax profits were however down from £1.9 million to £1.2 million during the period.

Key projects completed during the period include the £50 million overhaul of the Cutty Sark museum in Greenwich, London which opened in May 2012.

The same financial year also saw Grimshaw appointed to re-masterplan Wimbledon in south west London, expand Sizewell Power Station in Suffolk and create a new city centre masterplan for Tirana in Albania.

Profits at fellow AJ100 practice Scott Brownrigg meanwhile shot up 69 per cent in the year ending July 2013.

The Covent Garden-based company netted a total of £864,181 in profits before taxation during the period compared to £512,558 the previous year.

The significant increase followed a 26 per cent surge in UK turnover from £8.1 million in 2012 to £10.2 million last year.

Outside the UK the company was however less fortunate with revenues from Europe and Russia collectively down 36 per cent to around £1.5 million.

Cyprus’ on-going financial crisis also saw Scott Brownrigg close and sell its office in the country at a loss of £379,000. New studios in Edinburgh and Singapore were however established during the period.

Overall group turnover increased 3.5 per cent from £11.64 million in 2012 to £11.65 million in 2013.

Staffing levels increased to 142 and the highest paid un-named director took home £137,784.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.