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

One in five practices 'ripe for takeover'

  • Comment

Almost 20 per cent of the top 1,000 architecture practices in the UK are ripe for takeover attempts, according to a report

Market analysts Plimsoll Publishing said stockpiles of cash, low rates of growth and ageing directors left 198 firms in line for acquisition attempts.

The study found that one in three practices was running at a loss as the economic downturn continued to hamper the industry.

Senior analyst David Pattison said: ‘One hundred and ninety-eight businesses in the architects market are showing classic acquisition criteria.

‘They are all declining in financial strength, many have an ageing board and are still privately owned.

‘These companies will need the support of their current owners, or investment, to ensure they have a future. Given the circumstances, it’s quite possible that perhaps some of the directors will be looking to retire or even consider a sale.’

  • 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

Discover architecture career opportunities. Search and apply online for your dream job.
Find out more