Revenue at Old Street practice rose to £12.7m last year
Orms has posted increased turnover and profit as the Old Street-based practice set out its latest results following two years of “substantial growth”.
Turnover at the firm behind plans to transform the City of London’s Custom House into a hotel increased from £11.1m to £12.7m, while pre-tax profit rose from £1.1m to £1.4m, according to accounts for the year to 31 December 2025.
It said that it had maintained a steadier growth during the year compared to a rapid expansion in 2023 and 2024 which saw its turnover increase by nearly 40%,
The EOT practice employed a monthly average of 112 staff in 2025, up from 93 the year before. Its headcount last year included 99 architects, an increase of 15 over the preceding 12 months.
This is almost double the number of architects it employed two years ago, with the 51 architects it employed in 2023 being followed by a hiring spree the following year which saw its number of architects increase to 84.
The highest paid director received remuneration of £275,000 in 2025, with a total of £1m shared between the firm’s directors, up from a total of £814,000 in 2024.
Last year also saw its founder Oliver Richards step down as a director of the company. The firm said Richards continues to support directors and staff in a “founder role”.
Other major Orms projects in development include its plans for an office scheme next to the Shard for Great Portland Estates which was finally approved last October following a seven-year planning battle.
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