Australia and Rest of World markets now account for two thirds of revenue

Heathrow expansion architect Grimshaw reaped the benefit of its overseas work last year as the firm said a number of wins around the globe helped profit and revenue record double digit growth.

The firm opened a new office in Dubai towards the end of last year and has also opened a satellite office in Paris following its appointment to design two new Metro stations in the French capital.

Grimshaw is also designing three new stations for a rail extension scheme in the Australian state of Victoria and is also designing a new Eden Project – it was the architect behind the original scheme in Cornwall – in China.

Workloads in Australia and the rest of the world now account for two thirds of its revenue, a rise from 50% from the year before, although the amount of work it did in the US fell by nearly half from £11.9m to £6.3m.

In a note accompanying its report and accounts, the firm said: “Grimshaw continues to build its global reputation for design and client service and the members believe that this will lead to further terriotorial and financial growth.â€

Work in Europe was marginally down to just over £1m but revenue from the UK, where it is set to complete its work to reconfigure London Bridge station at the beginning of next year, was up 8% to £13.8m.

Overall revenue at the firm in the year to March 2017 was up 15% to £59.3m while pre-tax profit climbed 19% to £6.2m

The number of employees at the business stands at 435 from 406 with the firm’s wage bill up more than £3m to £20.5m.

As an LLP, the firm has 18 members with profits shared between each one. The average profit share was £323,500 while the profit paid to the member with the largest share was £426,500 – a rise of 54% on the £277,500 paid last time.