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Architect RMJM has reported a pre-tax loss of 拢11m in the year to April 2011 compared with a pre-tax profit of 拢1.6m in the previous financial year.

Long-delayed accounts now filed by RMJM Group Ltd at Companies House also reveal a drop in revenue from 拢81m in 2010 to 拢72m in 2011.

However, RMJM chairman Sir Fraser Morrison (pictured) said that the firm had fared much better in the year to April 2012, generating an operating profit.

The firm also confirmed that it currently owes trade creditors 拢16.8m, down from 拢18.4m in 2011.

The accounts show the group lost 99 staff during 2011, the vast majority of which were technical staff, resulting in a total cost of 拢1m in redundancies.

The firm鈥檚 highest paid director, thought to be chief executive and son of Sir Fraser, Peter Morrison, received 拢346,000 over the year, down from 拢456,000 the previous year.

The accounts also pointed to the firm鈥檚 continuing exposure to the 鈥淢iddle East property collapse鈥�.

Sir Fraser said: 鈥淚n 2012, we have already made significant progress to reduce these positions though this remains a challenge for the business as we still have significant amounts due to the business which have been unpaid since 2008.鈥�

Sir Fraser and members of his close family - one of the richest in Scotland - took over more than 拢20m of debt that the firm owed to the Bank of Scotland, in April this year.

RMJM has suffered a string of financial and staff troubles over the past year including the launch of an official investigation into allegations it withheld pension contributions, failures to pay staff, a winding-up petition and a number of high profile staff departures.

In his introduction to the accounts, Sir Fraser said: 鈥淭he collapse of global financial markets in the autumn of 2008 resulted in planned commercial, residential and institutional projects around the world being put on immediate hold鈥� In the three years since 2008, there has been little change in the market across the US and Europe.

鈥淥ur primary objective over this period has been to react decisively in rationalising our cost base whilst maintaining our global platform and positioning ourselves for growth as the market recovers.鈥�

He added: 鈥淒ifficult times required difficult decisions, particularly where they involve people and we are very conscious that the changes we have made have not been without significant pain.

鈥淲e appreciate the considerable support we have had from our staff, suppliers and sub-consultant partners. Our people have worked tirelessly to ensure that we emerge from the recession stronger and more efficient than ever and we thank them all for their unwavering commitment and loyalty.鈥�

The accounts were almost seven months overdue having been due at Companies House at the end of January.