Firm reports declining revenue from UK arm for the second year in a row
Architect Wilkinson Eyre鈥檚 UK arm has reported an 11% fall in revenue and an 8% fall in profit.
In accounts filed at Companies House, Wilkinson Eyre Architects Limited reported revenue of 拢9.1m in the year to 31 March 2013, down from 拢10.3m the previous year.
It also reported a drop in pre-tax profit to 拢1.5m from 拢1.7m over the period.
It is the second year in a row the firm has reported declining revenue and pre-tax profit, after a 9% fall in revenue and a 1.6% fall in pre-tax profit in 2012.
Revenue In the year to 31 March 2013 was hit hard due to declining work in China, South East Asian and Australia. Combined revenue from the regions fell 61% to 拢1m from 拢2.7m.
But UK revenue increased to 拢7m from 拢6.8m over the period.
In the accounts director Jim Eyre said: 鈥淭he UK economy, whilst still difficult, appears to be finally drawing out of recession with a number of major developers now backing project starts.鈥�
In 2012 he said the 鈥減ractice鈥檚 cultural and destination building portfolio continued to flourish鈥� having completed work on the Mary Rose Museum in Portsmouth and the SeaCity museum in Southampton.
He added that the firm鈥檚 work on infrastructure, notably the Emirates Air Line in London, and bridges had also held up well.
He pointed to the firm鈥檚 appointment to work on the redevelopment of Battersea Power Station and a major hotel in Sydney harbour as a 鈥済reat start to the year ended March 2014鈥�.
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