Firm says aviation sector continued to suffer in 2021
Arcadis’s UK business saw profit return to pre-pandemic levels last year despite the firm saying its airports work continued to suffer in the wake of the covid-19 pandemic.
The LLP, or limited liability partnership, said revenue edged up 2% to £147.5m but profit for the year before members’ remuneration and profit share recovered from £18.9m to £25m – £5m more than the number it posted in 2019.
The firm, which was handed £25m by its holding company at the end of 2020, said workloads had increased in healthcare while financial firms began restarting jobs paused by the pandemic which Arcadis also said helped income rise.
Its latest accounts now filed at Companies House, show the firm paid out £66,000 in partner termination payments while at the end of last year it had provided £558,000 – up from £46,000 at the end of 2020 – for legal costs “on claims from clients whereby they are not satisfied with the services provide by Arcadis LLP”.
The company, which last summer swapped its King’s Cross home for a new office at 80 Fenchurch Street in the City of London, pays its employees through a business called Arcadis Human Resources which showed it had just over 4,000 staff on its books.
The firm’s total wage bill for the year was £258m, up from £233m. Pre-tax profit at this business was £7.9m, up from £6.9m for the year before.
In interim group accounts filed last month, Dutch firm Arcadis, which is listed on the Euronext exchange, said revenue was up 11% to €1.8bn (£1.5bn) with group earnings before interest tax and amortisation rising 7% to €178m (£151m).
Group revenue in 2021 was up 2% €3.4bn (£2.9bn) with group earnings up 8% to €237m (£201m).