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Profits rise for expanding Carey Jones

Carey Jones Architects has reported another solid financial year, with 2006 year-end profits before tax up nearly 2 per cent on 2005.

The practice made a pre-tax profit of £816,585, up £14,711 on its 2005 year-end results.

The company recently opened a New York office, but the financial results of this expansion will not be known until the end of the next fiscal year.

Another sign that the practice is enjoying some success was the opening of subsidiary Carey Jones Interiors in the spring, marking the firm's 20th anniversary.

Carey Jones recently lost out on the commission to design a new space for the Northern Ballet Theatre in the firm's own hometown of Leeds. However, this has been offset by a string of recent successes, including the £3.5 million Monarch House project, also in Leeds, and an £18 million housing scheme in Bromley, Kent.

The practice will also be buoyed by its latest planning victory, having won approval for the massive Festival Gardens scheme in Liverpool, which will transform the dilapidated garden site, built in 1984, into a £100 million, mixed-use community.

Practice partner Chris Jones said: 'The firm has enjoyed the best four weeks in its history, with a host of excellent awards, a great planning run, as well as good competition wins, and this has been illustrated in our end of year results.'

by Richard Vaughan

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