Architect experiences rapid growth in India but sees Chinese expansion halted
Profit at architect Make more than doubled last year amid strong growth in India but a decline in work in China.
In its accounts for the calendar year 2012, the firm said pre-tax profits at the business rose 166% to £482,000 with turnover slipping 1% to £14.5 million.
The accounts said workload in India had risen more than tenfold from £60,000 the previous year to £778,000.
Make, led by Ken Shuttleworth, is working on two residential schemes in Mumbai.
He said: “India is potentially huge. The anticipated growth expectations in the construction sector over the next 15 years are enormous.”
However, turnover in the rest of Asia shrank by 48% to £1.4 million with a number of stalled jobs in China blamed by the firm for the decline.
Make’s turnover in the UK rose 9% to £11.6m in 2012 on the back of commercial schemes in the capital including Broadgate in the City of London.
The highest paid director, who is not named, received just under £706,000.