David Chipperfield Architects has reported a second year of trading losses despite an 18.6% increase in turnover, according to the practice’s latest annual results.

The business reported a £1.53m operating loss in 2018, on turnover of £6.95m. According to newly published figures for the year to the end of December 2019, it lost £523,538 on turnover of £8.25m. In 2017 Chipperfield turned a profit of £1.99m on revenue of £8.58m.

In a strategic report accompanying the accounts, Chipperfield director William Prendergast said 2019 had been “another year of moving forwards towards a stronger future for the company”.

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