Aukett Swanke Group Plc (the "Group"), the international practice of architects, interior designers and engineers, is pleased to announce its interim results for the six-month period ended 31 March 2021.
The Group's most recent 12 months of trading has occurred during the COVID-19 pandemic.
Extract £000 £000
Revenue less sub consultant costs 4,139 4,476 fall of 7.5%
Operating costs 5,178 4,959 rise of 4.4%
Operating loss (1,039) (483)
Loss before tax (1,017) (182)
Net Funds 201 837
Before management charges the UK & UAE made reported losses while Continental Europe maintained its profitability.
UK wrote £6.0m of new orders and Berlin €4.0m in H1/2021 (fees net of subconsultant costs).
Banking facilities increased from £500k to £1m in May 2021.
Commenting on the interim results, CEO Nicholas Thompson said:
"These results show the full impact of the uncertainties created by COVID-19 in the form of project delays and deferments.
Action taken during the period under review, and subsequently, has provided additional support to our business model and should improve our financial performance. However, this is unlikely to come soon enough to avoid reporting a loss for the year as a whole."