Chipperfield's profits boom 54%
David Chipperfield Architects has posted record trading figures, with pre-tax profit up 54 per cent on last year
According to the company’s latest accounts published today, the practice’s operating profit jumped from £797,381 to £1,227,933 for the year ending 31 December 2011.
During those months turnover ballooned from £7.4 million to just over £10 million with the workforce growing 44 per cent from 78 to 133 people – 91 of whom are architects.
Intriguingly salary payments went up 48 per cent from £3,482,601 to £5,169,847 in the same period.
The practice’s workload has become increasingly UK-focused and now makes up 85 per cent of the company’s overall turnover.
Fee income in Europe however has fallen from £2.1 million to £839,000.
David Chipperfield, the sole shareholder in the practice, paid himself a dividend of £520,000 – a £200,000 rise on the payout in 2010.
The outfit is working on a raft of big name projects, including the £600 million redevelopment of Elizabeth House in Waterloo and the Cambridge University urban expansion , and its Hepworth Gallery in Wakefield (pictured) is currenty the 3/1 favourite to win this year’s Stirling Prize.
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