{"id":235594,"date":"2025-10-31T08:40:12","date_gmt":"2025-10-31T08:40:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/235594\/"},"modified":"2025-10-31T08:40:12","modified_gmt":"2025-10-31T08:40:12","slug":"allies-and-morrison-profits-fall-by-third-as-income-outside-europe-halves","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/235594\/","title":{"rendered":"Allies and Morrison profits fall by third as income outside Europe halves"},"content":{"rendered":"

The London and Cambridge-based practice released its latest financial statement for the year ending 31 March 2025, in which it revealed that its its pre-tax profit had gone down from \u00a39.3 million in 2024 to \u00a36.3 million, while total turnover had decreased 17 per cent from \u00a345.2 million in 2024 to \u00a337.3 million.<\/p>\n

During the 12 month reporting period the company\u2019s average staff numbers reduced from 331 to 286.<\/p>\n

The practice saw a marked a fall in income from schemes outside of Europe, a figure which went from \u00a39.2 million to \u00a34.3 million in 2025.<\/p>\n

Work inside the UK also dipped from \u00a335 million to \u00a332.4 million. However, European projects chalked up an increased turnover from \u00a3540,000 to \u00a3922,000.<\/p>\n

Allies and Morrison described the last financial year as \u2018a challenging one for most architectural practices\u2019, but said that the practice had \u2018continued to win work in the UK and internationally\u2019, while opening new offices in Toronto and Jeddah.<\/p>\n

A \u00a3350 million London Bridge science centre<\/a> designed in partnership with DSDHA was recently granted approval from Southwark Council, while this month the practice won its first Swedish contract alongside White Arkitekter for a new arena quarter in Gothenburg.<\/a><\/p>\n

Allies and Morrison was also brought in to draw up a new masterplan for the 24ha redevelopment above and around London\u2019s Euston station in May<\/a>, replacing Prior + Partners on the long-awaited project, which will now be delivered by the King\u2019s property company.<\/p>\n

Jo Bacon, managing partner at Allies and Morrison, said: \u2018We are feeling positive. Our growing international portfolio is set to return to at least 2023-24 levels, due to confirmed projects in North America and the Middle East, and our first projects in Latin America [Mexico] and China.\u2019<\/p>\n

The latest financial report also included the companies carbon emissions figures, which showed a decrease of 6 per cent across scopes 1,2 and 3 compared with the previous year, as well as new investment in carbon offsetting which brought the financial years net emissions to zero for day-to-day operations.<\/p>\n

This was partly achieved through a green energy renewal tariff, which means that the practice\u2019s London office runs on \u2018100 per cent renewable sources\u2019, with additional metering being installed in the Cambridge office in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"The London and Cambridge-based practice released its latest financial statement for the year ending 31 March 2025, in…\n","protected":false},"author":2,"featured_media":235595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[6225,6485,6486,1120,96,56,54,55],"class_list":{"0":"post-235594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-arts-and-design","8":"tag-arts","9":"tag-arts-and-design","10":"tag-artsanddesign","11":"tag-design","12":"tag-entertainment","13":"tag-uk","14":"tag-united-kingdom","15":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/235594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=235594"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/235594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/235595"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=235594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=235594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=235594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}