Turnover at Grimshaw balloons 44%
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.