Broadway Malyan has reported a 2.4% dip in turnover in its latest accounts, in what its managing director said reflected a year of industry-wide “challenges”.

The practice’s accounts for the year to April 30 report revenue of £47.1m against 2018’s £48.2m. However the figures also show a 4.2% increase in gross profit to £17.3m. Operating profit was down 4.7% to £1.8m.

Although the latest figures are the second year in a row that Broadway Malyan’s global turnover has contracted, a region-by-region breakdown of the business’ operations reveals a significant contraction in UK and “rest of world” work, offset by surging Asia and Middle East operations.

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