Architect AHR has reported a 36% drop in pre-tax profit in its latest annual results, accompanied by a 2% contraction in turnover.

The practice, which was shortlisted for a RIBA Yorkshire award last year for its Barbara Hepworth Building at the University of Huddersfield, said its performance in the year to December 31, 2019 reflected a “challenging market”.

It said profit on ordinary activities before taxation was down from £2.3m in 2018 to £1.9m in 2019, while turnover was down from £17.8m to £17.5m.

…