Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

David Chipperfield Architects bounces back into profit

David Chipperfield
  • Comment

David Chipperfield Architects has turned around its business and posted a huge hike in both turnover and profits

The company recovered from an £18,000 loss in the year ending December 2014 to registering a £462,233 profit after tax in its latest company accounts.

According to the practice’s report and financial statement for the year ended 31 December 2015, the London, Milan, Shanghai and Berlin-based outfit increased its turnover by 12.6 per cent from £7,192,406 to £8,101,920.

Staff numbers also bounced back following a ‘transitional year’ with the workforce expanding from 75 to 82. The practice said it expected ‘the 2016 number to also show a comparable trend’ and added that ‘the order book remained strong into [this year] and beyond’.

The report said: ‘Turnover, profit and cash position are all significantly better than 2014 and our performance against our key perfomance indicators is very satisfactory or ahead of expectations.

‘The split of work across the world reflects a stable project base in the UK, with the US rising signifcantly. All other areas remain steady but currently only constitute 8.35 per cent of our turnover (7.3 per cent in 2014).’     

The company’s five directors, who include David Chipperfield, shared £569,305 between them, with Chipperfield taking home a director’s dividend of £40,000.

David Chipperfield Architects proposed Bryant residential tower in New York

David Chipperfield Architects proposed Bryant residential tower in New York

David Chipperfield Architects proposed Bryant residential tower in New York

 

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs

Sign Up for AJ Jobs Alerts

Interview the right candidate on AJ Jobs