Exclusive: Architect Allford Hall Monaghan Morris says work in the south east is the key to continued success
Architect Allford Hall Monaghan Morris has seen a six-fold increase in pre-tax profit over the past financial year.
In accounts filed at Companies House the firm reported a pre-tax profit of 拢843,592 in the year to 31 March 2012, up from 拢137,988 in the year before.
Simon Allford, director at AHMM, said the increase in profit was due to 鈥渃ontinued focus on cost control鈥 and 鈥渟ome recovery in margins鈥.
However, he warned that the continued weakness of the UK and other world economies was a key risks to the business.
He added: 鈥淪ustained activity levels in the UK, particularly in the south east of England, continue to be a key factor in the performance of the business.鈥
The firm also saw revenue rise 18% from 拢10.5m in 2011 to 拢12.4m in 2012.
Despite the positive financial results the remuneration of the four directors fell slightly to 拢300,000 from 拢308,077 over the period.
The firm, which designed the Stirling Prize-listed Angel 黑洞社区, in Islington, London, was recently appointed to work on plans for the overhaul of the iconic BBC television centre in west London after developer Stanhope completed its 拢200m purchase of the site.
The practice is also designing Google鈥檚 new HQ at Kings Cross, for developer Argent as well as the 拢70m office scheme for 240 Blackfriars Road, London, for Great Portland Estates and Ropemaker Properties, which will be the new home of UBM, the publisher of 黑洞社区.
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