黑洞社区

Devereux Architects鈥� UK arm has reported a return to profit in 2012 following a restructure in 2011.

In accounts filed at Companies House, Devereux Architects Limited reported a pre-tax profit of 拢195,220 for the year to 31 December 2012, up from a 拢1.9m loss the previous year.

The company鈥檚 loss in 2011 had been compounded by restructuring costs of 拢779,332.

Devereux鈥檚 return to profit was achieved despite a fall in revenue to 拢4.4m from 拢5.1m over the period.

The firm reported an average of 64 architectural, sales and administrative staff in 2012, down from 80 in 2011.

Plus, it reported that it had cut the number of directors to 8 from 9 over the period.

Writing in the accounts Darius Umrigar, managing director for the UK, said the restructure had had a 鈥渟ignificant impact on profitability鈥� in 2011 but the business had 鈥減erformed satisfactorily in 2012鈥�.

He added: 鈥淭he order backlog in 2012 was much improved mainly with increased public sector healthcare work for execution in 2013.鈥�

鈥淚n 2013 on-going public sector budget constraints and healthcare sector cutbacks have impacted the timing of release of these orders and the environment for the business has remained challenging.鈥�

But he said the firm had widened its sector base to offset this.

Umrigar added that there were good opportunities in the research sector.

He said: 鈥淲e have unique expertise in this sector being able to offer architecture design through Devereux Architects and specialist process and utilities services through our sister company, PM Group.鈥�

He said recent project wins included a new School of Veterinary Medicine for the University of Surrey, a 拢30-40m project currently at the planning stage, with the firm also on the shortlist for a 拢22m research centre for the Royal Free Hospital Medical Research and Clinical Trials new build.

He also pointed to project wins in the healthcare sector to demonstrate that this remained a priority for the firm including work for the University College London Hospitals NHS Foundation Trust including the expansion of the accident and emergency department; work for the National Hospital for Neurology and Neurosurgery, expanding its operating theatres; and for Belfast Health and Social Care Trust on the new Belfast acute mental health development.