Global architecture and design firm Benoy has reported a 12.7% drop in pre-tax profit and a 10.2% dip in headcount despite a rise in global turnover.

Just-published accounts for 2018 say the Nottinghamshire-headquartered business, run by father-and-son team Graham and Tom Cartledge, saw profit drop from £5.5m in 2017 to £4.8m in the year to December 31, while turnover rose 5.4% from £49.7m to £52.4m.

The accounts said staff numbers at the business – which has studios in London, Singapore, Hong Kong, Beijing, Shanghai, Dubai and Los Angeles, among others – had dropped from 489 to 430 over the same period.

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