Europe and Middle East turnover rises 13% to £120m and global turnover hits £176m
Davis Langdon recorded another year of growth in 2005/06, with profit up more than one-third and turnover up 13%.
Rob Smith, senior partner at the consultant, told Building that turnover in Europe and the Middle East in the year to 30 April 2006 had hit £120m, up from £106m the year before.
Because of changes to accounting rules, the profit figure cannot be compared on a like-for-like basis with last year's. But Smith said if the changes were not taken into account, profit rose more than one-third. The exact figure will be released later this year when Davis Langdon's annual report is published. Profit last year was £25m.
The latest results were revealed to the firm's partners at a meeting in Dublin two weeks ago.
Davis Langdon's global turnover, which includes work in Africa, Asia, Australia, New Zealand and the USA, was up 12.5% to $325m (£176m).
In London we’ve done very well in the commercial sector, but elsewhere too
Robert Smith, senior partner
Smith said: "We've had some big wins. In London we've done very well in the commercial sector, but elsewhere too."
In Liverpool Davis Langdon has been appointed on a £350m project for the Pall Mall business district, in a consortium with Amec, English Partnerships and Legal & General. It is also project manager on a £23.5m art and design academy for Liverpool John Moores University (pictured).
Smith said Davis Langdon's Scottish office was winning large projects, including the £180m Building Schools for the Future programme in Newcastle.
The 2005/06 results are the second since Davis Langdon became a limited liability partnership in February 2004. The preliminary results do not give the average profit share paid to partners with a stake in the company. Last year the share was £173,000. Smith earned £507,000.