Financial statements reveal an eight-fold increase in profit at architect Sheppard Robson in the year to 31 March 2015
Official Companies House documents published on Wednesday (November 4) show the AJ120 practice reported profit before tax of £2,450,854 for 2014–15, up from £289,865 the previous year.
The London-headquartered practice, which was founded in 1938, increased turnover by 24 per cent to £11,480,795 during the year.
Projects completed in 2014 include the Bristol Life Sciences Building, the Citylabs biomedical facility in Manchester, and the 3 & 10 Finsbury Square offices in London. Earlier this year the practice won planning permission for the mixed-use redevelopment of the former Yorkshire Post site in Leeds, and a £90 million student-housing project in Liverpool.
In a brief commentary filed with the accounts, directors Anthony Poole and Malcolm McGowan said Sheppard Robson’s ‘continued positive performance’ was in line with increased confidence in the construction and property markets.
They added: ‘The business faces uncertainties from the general economic climate and the effect this has on the construction industry. However the directors expect the general level of activity to increase and they look forward to the future with confidence owing to there being a strong pipeline of new business.’
Sheppard Robson declined to comment further on the eight-fold increase in profit before tax. However the latest figures follow a dip in 2013-14, which saw profit before tax substantially down on the previous year’s figure of £655,142.
Between 2012–13 and 2013–14, Sheppard Robson increased its turnover from £8,963,837 to £9,274,729 – a rise of 3 per cent.
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