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Turnover on the up at AHR

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AHR has posted a growth in turnover of 16 per cent for 2014 following its split from Aedas halfway through the year

Holding group AHR Global, which was earlier this year listed at 13 in the AJ120 list of the UK’s biggest practices, reported that turnover increased from 28 million during 2014 to £32 million last year.

However, profits after tax were down from £3.7 to £1.7 million over the period.

A statement released by the firm said: ‘The directors consider that the company’s performance for the year is satisfactory in light of the market conditions in 2014, and that its sound financial position, with £3.4 million in cash and net assets of £9.1 million will enable the group to respond to opportunities or otherwise that may arise in the remainder of 2015 and beyond.’

AHR also announced today that Robert Barr has joined the firm as non-executive chairman with a remit to help guide practice strategies and business planning.

Barr is group chief executive of building products firm Arran Isle and a former senior independent non-executive director of consultancy WYG Group.

During 2014, the firm said it had maintained a significant amount of work in its architecture practice, primarily within the education sector.

The year saw the completion of two major projects to build new headquarters form local authorities in Blackpool and North East Somerset.

AHR said it intends to grow the proportion of its turnover overseas work to ‘balance the risks of changing levels or regional economic activity’.

In 2014, it said, 17.4 per cent of its turnover came from non-UK work and the company aims to grow this in excess of 25 per cent over the coming years.

AHR currently has 396 staff in 12 offices, and paid £1.57 million in dividends in 2014.

Previous story (AJ 07.07.14)

Breaking news: Aedas splits

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