Architect to announce loss but no debt in January
Listed architect Aukett Fitzroy Robinson Group has announced that it expects to have eliminated its debt of £1.4m when it reveals its end-of-year results.
In a statement to the City, the firm also said it would make a loss, but expect it to be less than half of that made last year.
Auckett’s results for the year ending 30 September will be revealed in January next year.
The company said that it was relying on the markets in London, Russia and the Middle East.
It said: “In the UK there has been some movement in commercial projects, in the regions, that had previously been suspended. In the short-term however, the directors believe that the vast majority of opportunities reside in London where the group has a particularly strong track record and client base. Elsewhere we are seeing a revival of interest in commercial opportunities in our other two key markets: Russia and the Middle East.”