Overseas boost for Grimshaw profit

Profit was up at Grimshaw last year as the practice said work outside the UK helped boost its figures.

Pre-tax profit and the remuneration of its 18 members – the firm trades as an LLP – went up to £4.8m in the year to March 2015 from £3.6m last time.

The firm, which is working on the HS2 scheme at London’s Euston station (pictured), has offices in London, New York, Melbourne, Sydney and Doha.

In a statement accompanying the results, it said: “The group continues to build its global reputation for design and client service and the members believe that this will lead to further territorial and financial growth as well as exciting new architectural opportunities, particularly in a recovering world economy.”

Turnover dropped from £38.6m to £36.1m but the company said that this was because of “lower proportion of projects where Grimshaw acted as prime consultant and recharged sub-consultant fees to the client”. Projects in the US accounted for 24% of group turnover with Australia counting for 16%.

Staff numbers at the business slipped slightly to 324 from 347 with the average profit share between the 18 members coming in at £247,000. The members with the highest share received £327,000.