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AHR Architects’ Hepworth Building at Huddersfield University
Architect AHR has reported a 36% drop in pre-tax profit in its latest annual results, accompanied by a 2% contraction in turnover.
The practice, which was shortlisted for a RIBA Yorkshire award last year for its Barbara Hepworth Building at the University of Huddersfield, said its performance in the year to December 31, 2019 reflected a “challenging market”.
It said profit on ordinary activities before taxation was down from £2.3m in 2018 to £1.9m in 2019, while turnover was down from £17.8m to £17.5m.
A region-by-region breakdown of the firm’s 2019 revenue showed a greater proportion focused on UK work in comparison with the previous year, with a near halving of EU revenue to £384,995.