Make Architects is expected to make about a dozen staff redundant from its London office due to a slowdown in its UK work
It is understood the practice will officially announce how many of its staff will be let go next week and that the employee-owned company, ranked 24th in the most recent AJ100 league table, is blaming Brexit jitters for schemes stalling.
Earlier this year Rogers Stirk Harbour + Partners (see AJ 12.07.18) also pointed the finger at the economic uncertainty caused by the UK’s decision to leave the EU for a drop in its workload.
The dip in Make’s recent fortunes was first highlighted in the practice’s company accounts for 2017, which showed a 12 per cent fall in turnover from £20.1 million in 2016 to £17.8 million last year.
This marked a fall in the UK’s contribution to the company’s overall revenue from 78 per cent to 72 per cent (see AJ 09.04.18).
A statement released with those figures said: ‘Make’s performance in 2017 reflected industry-wide uncertainty. [Revenue] decreased by 12 per cent from 2016, due to the fallout from the EU referendum.’
While UK work is slowing down, the practice’s Australian studio is going from strength to strength. According to the accounts for the year ending 31 December 2017, the Sydney office’s turnover rose from £1.7 million to £2.1 million during the year.
The office’s headcount has swelled too, from four to more than 20, prompting a move to a new studio in July.
The 130-strong practice said it was unable to comment on the speculation about job losses at this stage.
Make’s recenlty approved 225 Marsh Wall
Source: AVR London