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Huge profit hike for Chapman Taylor

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Chapman Taylor almost doubled its annual pre-tax profits in the year to June 2015, according to the practice’s latest set of accounts

The practice, which operates 19 studios across the UK, Europe, the Middle East, Asia and South America, made £3.7 million before tax, up from £1.9 million the previous year.

Turnover increased from £28.8 million to £31.1 million during the year, with a rise from £5.5 million to £7.5 million in the UK.

In Europe, turnover fell slightly from £14 million to £13.8 million, while the figure was up in the rest of the world from £9.3 million to £9.9 million.

The firm, a limited liability partnership, is run by four members. This year, the member with the highest share of profit made £636,000, up from £280,000 last year.

Chapman Taylor increased the number of staff it employs from 289 to 301 over the year, it said.

In last year’s results, the AJ100 firm reported a surge in overall turnover from £24.6 million to £28.8 million.

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