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Profits drop but RSHP's revenue grows

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Rogers Stirk Harbour + Partners (RSHP) has boosted turnover by more than 10 per cent – but seen pre-tax profit fall and a reduction in staff

The company, which moved into its new Cheesegrater headquarters in the City of London in January, posted revenue of £33.7 million for the 12 months to 30 June 2015.

This was up from £30.2 million in the previous 12 months, according to the accounts filed at Companies House last week.

However, pre-tax profit on ordinary activities dropped by 5 per cent to £7.6 million over the same timescale.

The average number of architects employed during the 12 months to 30 June last year was up slightly at 138, although the practice subsequently confirmed a number of redundancies at the start of this year.

The annual report said: ’The staffing strategy of the group continues to focus on growing and developing the most talented architects in the industry.

’Inevitably the process of moving office meant the board reviewed the business from top to bottom. As part of that process an employee review concluded that a number of changes were necessary to rebalance the staff experience profile and provide the opportunity for talented individuals to progress.

’We consequently promoted a number of new associate partners but also sadly parted company with some of our longer-serving staff members.’

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