Profit also down by almost a third as practice cuts staff numbers by 14%
Allies and Morrison’s turnover dropped by 17% in the year to the end of March 2025 with its income outside of the UK falling by more than half.
The firm’s profit was also cut by almost a third, from £9.3m earned in the preceding period to 31 March 2024 to £6.4m, according to its latest group accounts filed at Companies House.
Turnover at the firm fell from £45.1m in 2024 to £37.3m in 2025 despite income from within the UK staying relatively flat at £32.3m, slightly lower than the £35m earned during the previous year.
The fall was driven by lower incomes in Europe and the Rest of the World, which suffered a combined 51% reduction from £10.1m in 2024 to £4.9m in 2025.
In Europe, the firm’s turnover fell from £922,267 to £540,661, while income from the rest of the world more than halved from £9,223,403 to £4,396,921.
The practice has also cut 14% of its staff in the past year, from 331 employed by the group in 2024 to 286 in 2025.
Its number of architects have shrunk from 284 to 250, and its support staff from 47 to 36.
Jo Bacon, Allies and Morrison managing partner said: “We are feeling positive. Our growing international portfolio is set to return to at least 2023-24 levels, due to confirmed projects in North America and the Middle East, and our first projects in Latin America and China.”
The accounts show the firm is owed £11.6m from debtors, down from £16.9m in 2024, while the amount it owes to creditors falling due within one year has decreased from £9.9m in 2024 to £6.9m in 2025.
Work the firm has won during the accounting period include a masterplan job for Trinity College Dublin, a transformation of London’s Regent Street and a masterplan in Croydon.
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