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

Benoy’s profits and headcount drop

Nottingham forest fc v2b high res 2 crop
  • 2 Comments

Benoy profits fell by 13 per cent last year while its staff tally dropped by a similar margin

The Newark-headquartered practice, which has studios around the world, this week posted pre-tax profit of £4.8 million for the year to 31 December 2018, down from £5.5 million the previous year.

Although Benoy’s turnover grew by 6 per cent to £52.4 million over that reporting period, global headcount dropped from 489 to 430.

Professional staff numbers dipped by 16 per cent across the group to 357 at the end of last year.

Staff costs fell by 7 per cent to £26.4 million. But the top director salary rose by £10,000 to £545,000.

Chairman Graham Cartledge said the group had posted a ‘strong set of financial results’. He said the revenue increase had allowed investment in IT infrastructure and ‘geographic presence’.

‘The businesses remain agile, enabling them to take advantage of opportunities, numerous collaborations and further expansion,’ he added.

Benoy this year revealed plans for a 10,000-seater stand at Nottingham Forest’s famous City Ground stadium (pictured). The practice said in February that it was recruiting for various roles in both its London and Newark studios.

  • 2 Comments

Readers' comments (2)

  • Never have I worked in an environment where leaders do not care about staff, underpaid, over worked, only directors get bonuses. At interview stage I indicated my pst package and expectations! Not delivered at all. Employees are the biggest asset to an organization and this is one company that has a clue on how to retain staff. Highest staff turn over I have ever known. Penny pinching is order of the day with the directors.

    Unsuitable or offensive? Report this comment

  • Industry Professional

    very interesting

    Unsuitable or offensive? Report this 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

AJ Jobs