Firm reports declining revenue from UK arm for the second year in a row

Architect Wilkinson Eyre’s UK arm has reported an 11% fall in revenue and an 8% fall in profit.

In accounts filed at Companies House, Wilkinson Eyre Architects Limited reported revenue of £9.1m in the year to 31 March 2013, down from £10.3m the previous year.

It also reported a drop in pre-tax profit to £1.5m from £1.7m over the period.

It is the second year in a row the firm has reported declining revenue and pre-tax profit, after a 9% fall in revenue and a 1.6% fall in pre-tax profit in 2012.

Revenue In the year to 31 March 2013 was hit hard due to declining work in China, South East Asian and Australia. Combined revenue from the regions fell 61% to £1m from £2.7m.

But UK revenue increased to £7m from £6.8m over the period.

In the accounts director Jim Eyre said: “The UK economy, whilst still difficult, appears to be finally drawing out of recession with a number of major developers now backing project starts.”

In 2012 he said the “practice’s cultural and destination building portfolio continued to flourish” having completed work on the Mary Rose Museum in Portsmouth and the SeaCity museum in Southampton.

He added that the firm’s work on infrastructure, notably the Emirates Air Line in London, and bridges had also held up well.

He pointed to the firm’s appointment to work on the redevelopment of Battersea Power Station and a major hotel in Sydney harbour as a “great start to the year ended March 2014”.