Profits soar at architects Scott Tallon Walker
PRE-TAX profits at the award-winning architects Scott Tallon Walker last year more than tripled to €811,983.
The firm, which designed the new 43,000 Pairc Uí Chaoimh in Cork and has also co-designed Dublin’s Aviva stadium, recorded the 244pc increase in pre-tax profits as revenues increased by 36pc from €7.1m to €9.6m.
In response to the surge in business, it increased its workforce from 76 to 92 during 2016.
“As predicted, 2016 saw ongoing recovery and confidence in the Irish market with a positive uplift in our revenues and profitability and our appointment to a number of high-level projects,” the directors’ report stated.
The firm and the directors added that they are satisfied with the company’s financial position at the end of last year.
They state that in response to this increased workload, “we have recruited talented architects to deliver this work in 2017 and their costs are reflected in our operating expenses for 2016”.
The directors state that working closely with the firm’s London office “we have also assisted our UK sister company in securing a number of flagship projects in the UK”.
Staff costs increased from €4.2m to €5.5m.
Pay to the 12-strong board last year increased from €902,211 to €1.2m.