Award-winning, Edinburgh-based practice Malcolm Fraser Architects has ceased trading
Studio founder Malcolm Fraser said the firm, which was set up in 1993, had been unable to make its ‘beautiful and important’ output profitable.
A statement on the firm’s website confirmed it had shut its doors after 22 years. It is understood all 15 staff based at the company’s office in North Bridge have lost their jobs.
According to the company’s latest accounts, the practice had assets of £350,942 but liabilities of £379,248 and net a worth of just £12,607.
The practice won eight RIBA Awards and was shortlisted for the Stirling Prize in 2002 for its DanceBase in Edinburgh - a scheme which went on to win the inaugural RIAS Doolan Award.
Fraser, a supporter of Scottish independence who recently led the Scottish Government’s Town Centre Review, said: ‘The work we did is beautiful and important. However we have been unable to make it profitable.
‘We have been unable to make it profitable’
‘I am immensely proud of what we have done over 22 years and the influence it has had. I hope my colleagues here, and the clients and ongoing work we had, will continue with other architectural practices.
‘I will continue as an independent consultant, but will also work with other architects, including on existing, long-gestating projects.’
Charlie Hussey of Edinburgh-based Sutherland Hussey said: ‘It goes without saying it’s a great loss to the architectural community in Scotland.
‘He is one of a number of high-profile practices which have found the conditions of practice in Scotland impossible to operate in.
‘Fraser is not the first or the last to be bowing out. Sadly the state of both private and public procurement in this country have left the profession pretty much on its knees.’
He added: ‘I have no doubt he will be back in some form or another’
The practice built most of its schemes in Edinburgh - including the Arcadia Nursery - where it won six Edinburgh Architectural Association Building of the Year Awards.
In recent months the firm completed a civic hub in Stromness, in Orkney, and a hotel and museum for the Western Isles at Lews Castle, in Stornoway.