Consultant Davis Langdon has reported a 31% rise in pre-tax profit, from 拢24.5m to 拢32.2m, in its second year as a limited liability partnership (LLP).

The firm鈥檚 turnover rose 15%, from 拢106m to 拢122m.

The results, which have been exclusively revealed to 黑洞社区, also contained senior partner Rob Smith鈥檚 salary. As Davis Langdon is no longer a private firm, Smith had to disclose that he earned 拢544,000 in the year ended April 2006, which is 拢37,000 more than last year.

The average profit share paid out to members was 拢181,000, compared with 拢162,000 last year. Twenty-six members have been appointed in the past year, pushing the number up to 177.

The group made a loss in its European operations, where turnover fell from 拢7.3m to 拢6.7m, but Smith said this was not unexpected. 鈥淎t the moment in Europe we are not doing a huge amount of projects,鈥� he said. 鈥淲e are undertaking a review there and in the meantime really focusing on other areas where we excel.鈥�

Smith added that, while he was initially uncomfortable at having to publicly declare his annual earnings, he hoped such disclosures might inspire young people to join the industry.

He said: 鈥淚f graduates are aware of the levels you can reach in this industry, it may make more of them think about going into it.鈥�

Jeremy Horner, Davis Langdon鈥檚 finance director, said the group was particularly pleased that its non-QS revenues were up to 拢46m. He pointed out that this figure was more than Cyril Sweett鈥檚 entire revenue, and showed that the firm was branching away from a traditional QS role.

He said: 鈥淟ike any results, it鈥檚 good to see the forecast being exceeded. The extra has come partially come from the growth we have seen in our arm, although there has been at least some growth almost everywhere.鈥�

Smith concluded that the results were encouraging and that the firm was on track to be worth 拢250m by 2012. He said: 鈥淭he 拢250m is not a goal but a consequence. If we achieved that figure it would mean the business had moved forward and we were providing more services.鈥�

Davis Langdon & Seah International, the group鈥檚 global business, has reported an international turnover of more than 拢200m 鈥� 拢31m ahead of its closest competitor, Turner & Townsend.

The 拢206m turnover exceeds all the other consultants that have decided to become limited liability partnerships: EC Harris, Gardiner & Theobald and Turner & Townsend.