The AJ100’s leading practice Foster + Partners has seen both its turnover and profits return to growth
More from: Fosters' turnover and profits back in growth
According to the latest figures filed at Companies House for the year ending 30 April 2014, Foster + Partners Group’s revenue rose from £153 million in 2013 to £158.6 million.
The company reported a gross profit of £82.6 million - up from £78.5 million in 2013 - resulting in an operating profit of £27.8million after administrative expenses and exceptional items. In 2013 Foster + Partners saw both turnover and profits dip, admitting it had faced ‘difficult trading conditions’ in the early part of the accounting year.
Last year (2013) Norman Foster’s practice posted a loss of £101 million, due to a company restructure, the departure of private equity investors of 3i and the outfit becoming 100 per cent owned by its partners again.
Though the number of staff at the global practice dipped slightly to 1,105, the wage bill rose from £57.9 million in 2013 to £61.6 million.