For the year ended 30 September 2012, the firm made a pre-tax profit from continuing operations of 拢210,000, compared to a loss of 拢1.2m the previous year.
Revenue from continuing operations increased 6% to 拢9.15m.
鈥淗aving returned to profitability and by making the best use of the assets and resources of the group we expect to both maintain and grow our bottom line profitability in 2013,鈥� said chief executive Nicholas Thompson.
Non-executive chairman Anthony Simmonds said: 鈥淭his turnaround has come about through the continued focus on design excellence and consistent service delivery to our clients which is evidenced by our design awards, repeat business and constant order book.鈥�
The forward order book is steady at 拢71m.
UK revenues increased slightly to 拢5.16m (2011: 拢5.03m) returning a modest pre-tax profit of 拢38,000 (2011: loss of 拢1.19m and pre-exceptional loss of 拢351,000). This turnaround was attributed to 鈥渕ore efficient working鈥�.
Projects getting planning permission during the year include: 30 Berkeley Square in Mayfair for PRUPIM; three buildings for Imperial College in West London; and a new headquarters building in Bristol for Commercial Estates.
Three projects were submitted for planning: 1 Welbeck Street in Westminster for Scottish Widows; the London Metropole Hilton Hotel for Tonstate; and the Fenwick store at Brent Cross.
Schemes waiting to progress to planning include: a 200,000 sq ft department store in Colchester, a 250,000 sq ft business park in Norwich, and a 45ha campus development in Cambridge.
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