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

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.

Close

Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Close

Make back in profit as revenue balloons

Ken Shuttleworth’s practice Make has witnessed a 34 per cent increase in turnover just 12 months after posting huge losses

Make’s accounts for the year ending 2010 reflect a net worth of £2.8 million for the company and a pre-tax profit of £14,450.

The turnaround follows a dramatic 47 per cent fall in revenue experienced in 2009 due to the recession. The company revealed a £666,810 post-tax loss that year.

The outfit, which was ranked 45th in last year’s AJ100 league table of the UK’s largest practices, has pinned its recovery on a surge in commercial projects in the capital.

New additions to the company’s books include a £460 million headquarters scheme for Swiss-bank UBS at Broadgate in the City and a 46,450m² project to redevelop St Alphage House at nearby London Wall.

Barry Cooke, Make’s financial director, said: ‘[Our] 2010 financial results show a promising recovery from the recession, with revenues up by 34 [per cent] on the previous year.

‘Early indications show a strong start to 2011.’

The company’s total turnover was £13.1 million. Staffing levels also increased from 108 to 116 in the period.

The salary of the highest paid director, thought to be practice founder Ken Shuttleworth, increased by £12,940 to £656,903.

Despite the increase in turnover Make still lost £18,005 after taxes.

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