黑洞社区

AHMM has warned turnover is expected to take a hit this year after posting a record income last time.

The practice behind the planned makeover of the IBM building on London鈥檚 South Bank and a new office block above Southwark tube station, which got the green light last month, said the covid-19 pandemic had eaten into its forecasted income.

It is due to file its latest results, for the year to 31 March 2021, later this year but in a statement said: 鈥淲hile the practice has remained busy throughout 2020, turnover has reduced compared to expectations at the start of the year, principally due to uncertainties arising from the pandemic.鈥�

AHMM said it had managed to avoid making redundancies among its 500 staff 鈥� although it imposed a pay freeze in September instead of salary reviews.

But because of the record performance in the year to March 2020, the firm handed out a profit share to eligible employees 鈥� which it said was equivalent to 5% of annual salary.

It said it had furloughed a 鈥渟mall number鈥� of employees which it added were support staff unable to work from home. 鈥淭he majority returned as soon as adjustments to make our offices covid-secure were completed,鈥� it said.

AHMM, which according to 黑洞社区 Design鈥檚 WA100 is the UK鈥檚 third biggest architect, added that 15 projects it had drawn up were given planning last year including the refurbishment and extension of the Birmingham Hippodrome and a 拢200m redevelopment of a vast building on Berkeley Square in upmarket Mayfair.

Its proposals to replace 1980s Lansdowne House with a new commercial building were OK鈥檇 by Westminster council last November after two years of consultation.

In the year to March 2020, the firm saw turnover increase 25% to 拢55.3m with pre-tax profit up from 拢1.6m to 拢6.1m.

The accounts, which were signed off in the middle of July last year, were filed at Companies House last week.