Turnover jumps at AHMM

By Jim Dunton2018-12-18T06:00:00

AHMM's reinvention of the former BBC Television Centre in west London

Source: Tim Soar

But practice says shift to employee ownership trust hit profits for 2017-18

AHMM saw a 13% growth in turnover in the 12 months to April but pre-tax profit at the practice slipped markedly as the firm paid out more in profit share.

The firm, which is ranked No 53 on BD’s latest WA100 tally of global architects said turnover for 2017-18 was £38.7m but pre-tax profit plunged from £3.8m to £907,780.

AHMM said the downward shift in profit reflected “a number of factors” including a larger pool of staff eligible for profit share, share purchase and other obligations relating to the transfer of 60% of the practice to an employee ownership trust in September 2017.

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