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

Pascall + Watson’s turnover from abroad drops by a third

  • Comment

Aviation specialist Pascall + Watsons has seen its overseas turnover drop by of 35 per cent in the 12 months to the end of April 2013

Recently released results reveal the company posted £4.1million in turnover for work outside the UK, down from £6.3m in the previous 12 months.

However this was compensated for by an increase in UK work, meaning global turnover was effectively flat at £16.8million. Meanwhile pre-tax profit grew by three-quarters to £958,753.

The practice saw the value of its work in mainland Europe rise by two-thirds to £2.3million, while work in the rest of the world dropped by two-thirds to £1.8million.

Overall staff numbers at the company, which was ranked 12th in last year’s AJ100, also fell from 183 to 175.

However, Pascall + Watson said it had seen a growth in work in the Gulf.

‘Our work in the Middle East increased, giving us opportunities in Qatar, Dubai and Saudi Arabia,’ the directors said in a statement accompanying the results.

‘Here our portfolio is more diverse and we have been able to develop a new dive centre, a 5-star hotel and a high-rise luxury housing scheme.

‘We successfully obtained all the permits for the design of the new Louvre in Abu Dhabi in collaboration with the architect Jean Nouvel and this project is now on site.’

The firm added that it aimed to open an office in the Middle East in the next financial year.


  • 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