Architect’s pre-tax profit and turnover both down
The architect behind new towers in the City of London at Moorfields and Bishopsgate saw profits slip a fifth last year.
In the year to March, the firm said pre-tax profit fell 21% to £3.8m on turnover down £200,000 to £20.3m.
But in a note accompanying its latest accounts, the firm said: “Ongoing work on existing projects and success in securing new commissions both in the UK and overseas bode well for the future.”
Just under £18m of Wilkinson Eyre’s income is from the UK – an increase of £3m on last time – but the firm’s workload in Asia Pacific fell from £4.5m to just £938,000.
Wilkinson Eyre has designed the 21 Moorfields scheme (pictured) above Moorgate underground station which will be Deutsche Bank’s new UK headquarters. The scheme is split across two buildings with the tallest rising to 16 storeys.
And it has drawn up the 50-storey 6-8 Bishopsgate tower for a team featuring Mitsubishi Estate and Stanhope.
It is also working on the Battersea Power Station redevelopment and a number of schemes for technology firm Dyson while wins in the past year have included new stands at Lord’s cricket ground.