Chapman Taylor profits slip

David Rogers

Firm eyes overseas growth

WA Top 100 architect Chapman Taylor said it is looking at growing overseas workloads as the firm’s turnover and profits slipped last year.

Revenue fell by £1 million to just over £30 million while pre-tax profits dropped by a third to £2.3 million in the year to June.

Workloads in the UK, which includes the recently approved second phase of the Media City scheme in Salford and the Brent Cross shopping centre redevelopment in north London, rose 22% to £9.1 million but overseas work dropped 11% – largely as a result of falling turnover in Europe.

 

 

Its work outside Europe stayed broadly flat and the firm said it is currently setting up a new business in Dubai to target work across the Middle East and has won a number of jobs in Myanmar, formerly Burma.

Its overseas work includes Madrid’s largest shopping centre, a theme park on China’s Hainan Island and designing a number of stores for Swedish furniture retailer Ikea across Asia.

Last month it won its first schemes in Iran with a brace of deals to work on shopping centres and at the end of last year it won a high-profile international competition to create a new quarter in the medieval town centre of German town Aachen.

Chapman Taylor, which is a LLP, is run by four members with the results showing that the member with the highest share of profit picked up £512,000 – down from £579,000 last time.

The number of employees at the business edged up to 318 from 301 with its wages bill jumping from £10.1 million to £11.5 million.

 

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