For the year ended 30 September 2012, the firm made a pre-tax profit from continuing operations of £210,000, compared to a loss of £1.2m the previous year.
Revenue from continuing operations increased 6% to £9.15m.
“Having 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,” said chief executive Nicholas Thompson.
Non-executive chairman Anthony Simmonds said: “This 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.”
The forward order book is steady at £71m.
UK revenues increased slightly to £5.16m (2011: £5.03m) returning a modest pre-tax profit of £38,000 (2011: loss of £1.19m and pre-exceptional loss of £351,000). This turnaround was attributed to “more efficient working”.
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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