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Bumper year for David Chipperfield Architects as profits treble

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David Chipperfield Architects has almost trebled its profits according to its latest accounts published at Companies House  

Figures published for the year ending 31 December 2016, show that the company made a profit after tax of £1,215,652 – a huge rise on the £462,233 reported in 2015.

The practice, which joined the Women in Architecture partner programme run by the AJ and sister title The Architectural Review, also saw its turnover rise nearly 20 per cent from £8,101,920 to £9,654,256.

The London, Milan, Shanghai and Berlin-based outfit saw its greatest growth in the UK and in particular London – fees for projects on home shores increased from £4.9 million to £5.7 million – and in North and South America where turnover rose by a third to £3.3 million.

Yet practice founder David Chipperfield, who has been a vocal opponent of Brexit, will have been dismayed at the slowdown in European work, with income falling from £638,219 to £583,900.

Staff numbers continued to swell, increasing for a second year running. In 2014 the workforce had fallen to 75, but staff numbers are now up to 95.    

Turnover per fee earner head was £148,500.

The report said: ‘Having previously posted strong accounts in 2015, the company has completed another year marked by growth and stability.’

It continues: ‘In 2016 we have participated significantly in major design competitions across the world, and we expect this level of investment in our future to continue into 2017 and beyond.’

The company’s three directors, who include Chipperfield, shared £753,068 between them, with Chipperfield also taking home a director’s dividend of £560,000.

 

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