Retail expert Chapman Taylor remains optimistic for the future despite seeing its turnover half from £38.6 million to £18.8 million in 2010
According to the latest figures posted at Companies House (dated 30 June 2010), the AJ100 practice also witnessed its losses before tax double from £880,000 to £1.6 million in 2009-2010.
Over that period the company shed nearly a third of its workforce, dropping from 298 staff down to 204.
However the practice told the AJ that it was expecting to post an increased turnover of £20 million for 2010-2011, helped by the resurrection of schemes like the £590 million Trinity Quarter shopping centre in Leeds, and continues to look for new recruits.
Describing the practice’s last six months a spokesman said: ‘The directors are confident about the business conditions for Chapman Taylor over the coming year into 2012
’[We] will show increased turnover to £20million for 2011 improved profitability. This comes as the result of restructuring costs and improvements in trading conditions that have taken effect.
‘The growth in fee income is coming from all markets, in particular with continued growth in China and improved trading conditions in the UK, Russia, Ukraine and Germany. Throughout the last six months Chapman Taylor have also been actively recruiting and will look to continue to do so over the coming year.’
The international success of the company is borne out in the 2010 figures which showed that while fee incomes in the UK and Europe almost halved in 2009-2010, work in the rest of the world had remained static at about £3million per annum.