Latest accounts for Make Architects show the practice was growing strongly in the year prior to the EU referendum
The AJ100 practice reported an ‘exceptionally strong’ 12 months for the year ending 31 December 2015, with a 26 per cent increase in turnover from £17.7 million in 2014 to £22.3 million.
The practice also grew its ‘full-time designer head count’ by 14 per cent, from 124 to 141.
However, total profit for the year dropped to £716,748, down from £1,179,945 in 2014, partly because of increased administrative expenses resulting from the growth in staff numbers.
Despite these encouraging figures, a Make spokesperson stressed that the accounts covered the period prior to June’s EU referendum and did not take into account the economic uncertainty caused by the vote for Brexit.
In July, the AJ reported that Make had been forced to lay off 10 members of staff in its London office following the referendum result. Sheppard Robson and AL_A have also made redundancies following the vote.
Make founder Ken Shuttleworth said at the time: ‘We are truly saddened to have been forced to let go 10 people … due to the economic uncertainty surrounding the EU referendum.
‘It is never an easy decision to have to make, but was unavoidable in the wake of serious economic volatility. The industry is reeling from Brexit and we hope that stability will return to the markets as soon as possible.’