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RHWL sees steady rise in profits

RHWL Architects has reported a steady growth in business, with a £1.4 million pre-tax profit, £400,000 up on last year.

The London and Berlin-based firm, which ended its fiscal year in May 2007, also reported that turnover for the year had increased by 27.3 per cent, rising to £9.8 million from £7.7 million in 2006.

The firm’s costs also increased in line with the increase in turnover and pre-tax profit, by 25.4 per cent.

This led to the firm seeing a 1.3 percentage point increase in its margins for the year, up to 14.3 per cent from 13 per cent the year before.

The figures mean that the company, which dropped five places in last year’s AJ 100 list, has a business efficiency number of 1.9.

The business efficiency number is calculated by dividing the annual percentage growth in turnover by the annual percentage growth in costs, and will be used as the AJ's standard marker for measuring financial performance.

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