By continuing to use the site you agree to our Privacy & Cookies policy

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.  

 

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

Readers' comments (1)

  • Are we seeing a 'Premier League' situation developing where some firms (based in the south of England) are getting lots of work and making big profits where smaller firms outside the capital (im thinking of MBLA for example) are struggling and going to the wall?
    I dont claim to have any answers - its just an observation.

    Unsuitable or offensive?

Have your say

You must sign in to make a comment.

Related Jobs

Sign in to see the latest jobs relevant to you!

The searchable digital buildings archive with drawings from more than 1,500 projects

AJ newsletters