The employee-owned AJ100 practice reported that its pre-tax profit jumped more than fourfold to \u00a3766,110 in the year to the end of December 2025.<\/p>\n
It came as BGY reduced its staff numbers from 137 in 2024 to 93 due to a \u2018reduction in workload\u2019, accounts published at Companies House<\/a> revealed. This included the practice cutting its number of architects from 90 to 69.<\/p>\n As a result, BGY\u2019s wage bill fell by 30 per cent to \u00a35.7 million.<\/p>\n It is the second year in a row that the east London-based firm has reduced its headcount on the basis of a declining workload. In 2023, the firm had 143 employees to handle what it described as a \u2018considerable post-Covid expansion\u2019. That number had dipped by six in 2024 before the much larger drop in 2025.<\/p>\n In a statement, BGY told the AJ the business had restructured following a \u2018difficult\u2019 financial year in 2024 as the tough macroeconomic conditions affected the business and others in the sector.<\/p>\n The cut in costs in 2025 helped offset a 12 per cent drop in turnover to \u00a312.2 million.<\/p>\n However, staff salaries increased and bonuses were paid to all eligible employees despite the market and economic pressures, said BGY, which has studios in London, Bristol, Manchester and Madrid.<\/p>\n The practice\u2019s directors said it had also conducted a \u2018strategic review\u2019 to focus on key areas to \u2018safeguard against market fluctuations\u2019.<\/p>\n The BGY statement added: \u2018Despite [\u2026] ongoing challenges continuing into 2025, this strategic focus has enabled the group to return to a profit across all three of its businesses: BGY Ltd, BGY-ID Ltd and Shoreditch Arts Club,\u2019 the statement added.<\/p>\n In 2024, the practice expanded its London office to include Shoreditch Arts Club to allow staff and clients to work and socialise together.<\/p>\n Work has been secured in new markets, including interior design in the hotel, hospitality and office sectors, as well as residential and master-planning, the practice reported.<\/p>\n This summer BGY secured approval for the contentious redevelopment of east London\u2019s Truman Brewery<\/a>. It also won planning consent for the retrofit of a Grade II-listed former Lloyds Bank building in Bristol<\/a>.<\/p>\n