Growing architecture studio in Westminster sees profits hit £1.78m
Architectural studio Darling Associates is celebrating double-digit profit and turnover growth after investing ‘substantially’ in its business.
The Westminster-based firm grew its pre-tax profits 16% to £1.78m in the year to March 2018, as revenues climbed 18.5% to £7.27m.
The company said continued investment over the last four to five years has enabled it to manage a range of increasingly large project appointments, including work on the 4 Glass Wharf office development in Bristol for Salmon Harvester.
Darling Associates has also been involved with 120 Moorgate, a mixed-use building in London for investment firm Vengrove.
Chris Darling, managing director at Darling Associates, said: “During the last financial year, and despite an uncertain landscape, we’ve continued to invest substantially in the business, including with a raft of new architect appointments and the launch of a new wholly owned subsidiary company, Darling Monitor, which provides expert client monitoring team and design auditing services on building projects.
“I think our latest results demonstrate the success of our carefully managed growth strategy.”
Speaking further, Chris said the firm is “optimistic and excited” for the year ahead.
He added: “In June, we announced a significant investment – the acquisition of Manchester practice Architect-CT.”
Following the acquisition, and an expansion of its office in Poland, Darling Associates now employs 120 people. The company turns 15 this year.
Chris continued: “We’re also keen to look to other UK regions, and in principle are open to at least considering further opportunities for expansion where there are real synergies.”
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