Accounts filed at Companies House for the period ending 31 March 2025 show a \u00a35.8 million drop in revenue from the record income levels recorded in the previous year and tumbling profits.<\/p>\n
The latest figures reveal the company made a profit before tax of just \u00a3248,000 in 2025, an 80 per cent decrease from the \u00a31.27 million posted in 2024 and significantly down on the \u00a32.85 million profit in 2023.<\/p>\n
Staff numbers also shrank at the AJ100 practice, which slipped from 7th to 9th place in the latest rankings<\/a> of the UK\u2019s largest employers of architects.<\/p>\n The company\u2019s average workforce in the 12 months until the end of March 2025 was 269, a fall from 318 in the previous period. According to the accounts, the number of technical staff had decreased from 262 to 215.<\/p>\n While the practice\u2019s income from overseas work dipped from \u00a31.9 million to \u00a31.4 million, revenue from its UK projects fell \u00a333.3 million to \u00a328.1 million.<\/p>\n The company has been asked to formally comment on the figures. A note filed with the 2025 accounts, which mirrors a statement filed in 2024, reads: \u2018The directors believe that the principal risks and uncertainties facing the company in the coming year are as follows: potential downturn in the construction industry as a result of the ongoing increases in raw material costs and uncertainty surrounding economic growth.<\/p>\n \u2018[There is a possible] bad debt risk as a result of client cashflow tightening if construction activity slows.\u2019<\/p>\n Last year<\/a> it emerged the University of Bristol had put plans for a new \u00a380 million library drawn up by the practice and Schmidt Hammer Lassen on long-term hold.<\/p>\n The university told the AJ that the controversial seven-storey flagship scheme \u2013 approved in 2021<\/a> with a scheduled opening date in 2026<\/a> \u2013 had been \u2018paused\u2019.<\/p>\n The organisation added that the unbuilt 14,320m\u00b2 project\u2019s ultimate fate would not be reconsidered within the next three years.<\/p>\n Elsewhere<\/a>, Hawkins\\Brown unveiled a scaled-down design for a library at Manchester Metropolitan University (MMU) after its initial proposal fell foul of escalating construction costs.<\/p>\n Its previous proposal replaced the university\u2019s existing five-storey All Saints library with a 13-storey block containing 22,000m\u00b2 of floor space. The scheme, in the heart of MMU\u2019s Oxford Road campus, was approved by Manchester City Council in early 2024<\/a>.<\/p>\n But the university was forced into a rethink on the \u00a390 million proposal due to a \u2018significant increase in the building costs\u2019 amid wider cost pressures in the construction sector.<\/p>\n","protected":false},"excerpt":{"rendered":"Accounts filed at Companies House for the period ending 31 March 2025 show a \u00a35.8 million drop in…\n","protected":false},"author":2,"featured_media":353315,"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-353314","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\/353314","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=353314"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/353314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/353315"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=353314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=353314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=353314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}