Pre-tax profit at consultant Turner & Townsend (T&T) has leaped 26% from £12.5m to £15.7m for the year ending April 2006.
The group’s turnover for the year is up 34% from £100m to £134m.
As T&T is a limited liability partership (LLP), it was required to disclose the salary of the group’s highest earner. Chairman Tim Wray’s salary for the year was £845,000, an increase of more than £150,000 from last year.
The group’s pre-tax profit of £15.7m places it ahead of Gardiner & Theobald (G&T) in the league of the four major LLPs. G&T posted a figure of £13.7m for the year. But rivals EC Harris and Davis Langdon are still leading the way pre-tax profits of £28m and £32m respectively.
Wray’s salary is less than the £889,000 received by G&T’s highest earner. The company has refused to disclose who earned that salary, but it is likely to be Simon Jones, the group’s senior partner.
Wray’s salary for the year was £845,000, an increase of more than £150,000
Rob Smith, the senior partner at Davis Langdon, and Richard Clare, chairman of EC Harris, took home more modest salaries last year. Smith earned £544,000 and Clare £540,000.
Wray said T&T’s project management arm had been particularly successful over the year. He added: “Our international business has also been successful and that accounts for between 35% and 40% of our overall turnover.”
Also this week, a specialist arm of T&T has been appointed on the largest building project under way in Berlin. Turner & Townsend SIBC will help to project manage a £470m office, laboratory and logistics buildings for the federal government.