BDP records huge rise in profits
The UK’s second-largest practice has reported a 200 per cent rise in profits as well as steady revenue levels for the year
The news comes despite the architectural giant having recently shed 5 per cent of its 115 North West-based architects and losing its top spot in the AJ100 rankings to Atkins.
The company said that pre-tax profits had risen from last year’s £1.1 million to the current total of £3.3 million, with operating profit standing at £2.5 million.
Accountants for the firm, which employs 1,146 people across the UK, also revealed that turnover had fallen slightly from £99.5 million to £99.2 million.
Gavin Elliott, chairman of BDP’s Manchester studio, said: ‘These figures represent another good 12 months in what has clearly been a difficult year. In addition to our sound financial performance we were shortlisted for The Stirling Prize for Liverpool One, and we opened our new award winning Manchester studio.’
He added: ‘The performance of the North West studios illustrates the robustness of BDP’s business model and the resilience that comes through offering clients both excellence and diversity in what continues to be a very tough and competitive market.’