Hamiltons Architects has seen a slump of more than £150,000 in its before-tax profits (BTP) between 2005 and 2006.
The London-based practice recorded a BTP of £959,921 in 2005 compared to £802,228 in 2006.
According to the firm, the slight drop is due to a greater distribution within the practice, with staff receiving higher pay packets.
But Hamiltons' turnover jumped from £10.2 million to £11.1 million in the same period and highlights the firm's healthy position within the industry - the practice has become a regular fixture in the top 40 of the AJ100 list.
Hamiltons has also announced a host of significant contract wins, including its plans to transform London's first womens' refuge into a new residential development, and a new mixed-use scheme in Islington.by Richard Vaughan