Benoy's turnover booms 46%
Nottinghamshire-headquartered Benoy has revealed that its turnover soared by 46 per cent last year
The practice, which also has offices in London, Abu Dhabi and across Asia, posted revenue of £38.5 million for the year to 31 December 2011.
Pre-tax profit on ordinary activities also grew, from £3.5m in 2010 to £6.3m in 2011.
UK work now accounts for just 9 per cent of Benoy’s total revenue, with a further 5 per cent coming from elsewhere in the EU.
But the majority of the company’s growth came from further afield, with the rest of the world now accounting for 86 per cent of its work.
Chairman Graham Cartledge – Benoy’s sole director – received remuneration of £3.2m in 2011 – up from just over £600,000 the year before.
Cartledge said in the report: ‘The director is pleased with the overall trading performance of the business during the year.
‘The business continues to benefit from a portfolio of work spread across sectors, countries and client base.
‘The business will continue to invest in overseas opportunities.’
Benoy saw its cash holdings grow from £17.8m in 2010 to £23.2m in 2011.
Subscribe to AJ for £3 per week
Subscribe today and receive 47 issues of the magazine, 12 issues of AJ Specification and full access to TheAJ.co.uk and the AJ Buildings Library
Are you a student?
Students can subscribe to the AJ for £8 per month or £1.60 per week! Click here to start receiving the most recommended magazine for architecture students