Chapman Taylor has seen revenue balloon 17 per cent driven by a boom in European projects
Revealing its trading figures for the year ending 30 June 2014, the AJ100 firm reported a surge in overall turnover from £24.6 million to £28.8 million.
The 12 month period saw revenue from European countries – where Chapman Taylor draws the lion’s share of its business – increase by 19 per cent from £11.7 million to £14 million.
Key European schemes won in the year include a 50,000m2 retail district in Montélimar, France and a 5-storey fashion store in Wuppertal, Northern Germany.
Turnover from non-European overseas countries – where key projects include the recently completed Global Harbour shopping centre (pictured) in Shanghai – meanwhile increased 30 per cent from £7.1 million to £9.3 million.
Revenue from UK-based work however fell 4.5 per cent from £5.7 to £5.5 million despite the firm’s recent completion of retail elements within Heathrow Airport’s £2.5 billion Terminal 2.
Chapman Taylor’s entire workforce grew by five per cent to 350 – according to a trading figures statement said investments had been made in new staff, salary increases, bonuses and training.
Key appointments included a new international marketing director, Sean Hosey and a director to manage increased business and client demand in Shanghai.
Commenting on the figures, company director Adrian Griffiths predicted even further staffing increases over the following year.
He said: ‘Like all architects practice, we have found the last six years to be very challenging – but we have been well managed through-out and we can see our number growing by 15 per cent over the next 12 months.’
We expect our numbers to grow by 15% in the next year
But he added: ‘In terms of recruitment, there are challenges and salaries are rising. There is a question mark about whether fees are going to rise at the same levels.’
Explaining the firm’s success during the period, he said: ‘China has been very strong for us as has Russia, although there may be question marks over that country now.’
Looking ahead, he said: ‘We are now looking again at the Middle East, having stepped back from the area in the down times. We are also working in Colombia. But you have to be strategic, you can’t be everywhere.
He continued: ‘In the UK we have recently won some significant mixed-use schemes, though the clients are not wanting to go public with them just yet.’
Profits after tax from the retail and mixed-use specialist increased by around 25 per cent to £1.83 million from £1.45 million.
A total of £1.37 million in profit was available to share between the LLP’s four principal directors – Griffiths, Chris Lanksbury, Tim Partington and Michael Cottam.
Around £453,000 was also allocated to the firm’s junior equity partners.