Europe and Middle East turnover rises 13% to £120m and global turnover hits £176m
Davis Langdon recorded another year of growth in 2005/06, with profit up more than one-third and turnover up 13%.
Rob Smith, senior partner at the consultant, told Building that turnover in Europe and the Middle East in the year to 30 April 2006 had hit £120m, up from £106m the year before.
Because of changes to accounting rules, the profit figure cannot be compared on a like-for-like basis with last year's. But Smith said if the changes were not taken into account, profit rose more than one-third. The exact figure will be released later this year when Davis Langdon's annual report is published. Profit last year was £25m.
The latest results were revealed to the firm's partners at a meeting in Dublin two weeks ago.
The firm is working on Rick Mather Architects’ Liverpool art and design academy
Davis Langdon's global turnover, which includes work in Africa, Asia, Australia, New Zealand and the USA, was up 12.5% to $325m (£176m).
In London we’ve done very well in the commercial sector, but elsewhere too
Robert Smith, senior partner
Smith said: "We've had some big wins. In London we've done very well in the commercial sector, but elsewhere too."
In Liverpool Davis Langdon has been appointed on a £350m project for the Pall Mall business district, in a consortium with Amec, English Partnerships and Legal & General. It is also project manager on a £23.5m art and design academy for Liverpool John Moores University (pictured).
Smith said Davis Langdon's Scottish office was winning large projects, including the £180m Building Schools for the Future programme in Newcastle.
In the UK, it is on a shortlist of four to become Olympic delivery partner, in a consortium with Laing O'Rourke, Mace and CH2M Hill International. The winner is set to be named in August.
The 2005/06 results are the second since Davis Langdon became a limited liability partnership in February 2004. The preliminary results do not give the average profit share paid to partners with a stake in the company. Last year the share was £173,000. Smith earned £507,000.
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