Aukett Fitzroy Robinson returns to profitability
Architects and interior designers Aukett Fitzroy Robinson reported pre-tax profits of £210,000 in their final results, after a loss of over £1.2m in 2011.
The London-based firm, which has locations in Russia, Europe, South America and the Middle East, said revenues had increased by 6% to £9.15m.
All four of the company’s continental locations returned to profitability in the 12 months up to the 30th September, and as a whole the firm ended the year with net funds of £326,000.
Chairman Anthony Simmonds said the turnaround was down to a focus on “design excellence and consistent service delivery.”
In a statement, Mr Simmonds said: “Notwithstanding the severe downturn in the construction industry, the board believes that the group is now well placed to achieve improving profitability and as a result, in the medium term, return to the payment of dividends.
“Looking to the future, the board, having stabilised the business, will continue its strategy of looking for opportunities to expand and diversify the services of the group and look for continuous improvement in the conversion of its planning consents into built projects so that we can deliver further growth in the year to come.”
In the UK alone, revenues rose slightly by 2.5% and pre-tax profits were “modest” at £38,000, but showed a significant rise from a £1.19m loss last year.
Mr Simmonds concluded: “We are very pleased with this result. It is a tribute to the contribution of all our staff that the group has returned to profitability in such adverse market conditions. We look forward to further progress.”
This was posted in Bdaily's Members' News section by Miranda Dobson .