Architecture, urbanism and design practice Broadway Malyan has posted its best results since before the global economic crisis after more than doubling its profits over the past 12 months.
The company, which has 16 studios worldwide, saw turnover increase by 14 per cent in the year ending April 2015 to £49.9m with profits of £3m compared to £1.4 in the previous year.
The company also saw its global headcount increase to 580, an increase of 36 on the previous year, as it continued to expand its operations both in the UK and abroad.
Gary Whittle, managing director of Broadway Malyan, said the robust financial performance was an outstanding success and endorsed the company’s business strategy.
He said: “It is incredibly gratifying to have posted such a strong performance and I have every confidence that we have the depth of expertise within the practice to build on these results going forward as we continue to enjoy a healthy pipeline in the current financial year.
“The practice has delivered a superb body of work over the past 12 months that has included award-winning design and a number of major masterplanning projects that have helped consolidate the company at the forefront of our industry in a number of sectors.
“While the company is headquartered in the UK and boasts a strong regional network, the past year has seen us grow our international presence with projects now being undertaken in 37 countries and turnover from these now amounts to 60 per cent of the company’s overall revenue.
“The strength of our international studios and the quality of instructions reflects a growing understanding of these markets and justifies our strategy of retaining and growing our operations during the difficult economic conditions of the past few years.
“Looking forward we are investing across the practice while continuing to recruit key personal to help us achieve the long term strategic aims of the business.
“We have also invested in a new R&D centre at our West London studio, which is helping to integrate our decision making process and ultimately improve our client offer and is a key part of our drive to differentiate Broadway Malyan as a practice.”
The design highlight of the year was Mann Island in Liverpool which was awarded a RIBA North West of England Award while Broadway Malyan’s Waitrose scheme in Chester was also nominated for the same award.
Overseas Broadway Malyan was involved in a range of schemes with three major projects in Angola reflecting the increasing opportunities in sub-Saharan Africa and Broadway Malyan’s growing reputation in this region.
The largest of these projects was the production of a masterplan for the Angola capital Luanda city which is set to see its population double to 13 million people by 2030. The planning framework was approved by the Angolan head of state earlier this month.
Other projects in Angola include a masterplan for Cabo Ledo, a residential and hospitality led coastal development in the north of the country across 1,100 hectares and the mixed-use Talatona Building in the heart of Luanda city.
Other key projects include the launch of the Warszawa Glowna masterplan, which will create a newtransport hub for Poland’s capital, the Trump Tower at the heart of the Makati City project in the Pilipino capital of Manila and the Dulwich Jiading School in Shanghai.
The company also launched a long term share incentive plan May 2014 and this has now been taken up by more than 100 members of the Broadway Malyan team across the global practice.