North East architects FaulknerBrowns have hailed rising revenues in a year which saw it win a number of high profile contracts, following the reopening of the economy after lockdown.
Launched in Newcastle in 1962, the Killingworth company has worked on major schemes across the North East and beyond, including Hadrian’s Tower, Newcastle Civic Centre and City Hall in Sunderland, with current projects including the Culture House in Sunderland and Albion Square in Hull. The company, which also has bases in Vancouver and Dublin, has published accounts for the year ended March 31 2022 in which it highlights a successful year of award wins and new contract wins, as well as its plans to branch into new markets.
However, like many other North East firms, it warns how the continuing economic turmoil is affecting business, with costs expected to remain high. During the year the business saw turnover rise 13% from £7.14m to £8.08m and both operating profit and pre-tax profit dropped 18% from £2.36m to £1.93m, while net assets fell from £2.8m to £1.72m. The firm’s workforce grew from 101 to 105, taking the wages and pension bill from £3.6m to £4.1m.
