Foster & Partners Profits Soar

Courtesy of RIBA

BDOnline’s recent report Foster & Partners sees profits soars reveals that the firm has “posted a major rise in profits for the year ended April 30, 2011, with pre-tax profits of £10.9 million, up from £1.6 million.” Most of the firms work is said to come from Asia and China, as turnover at the practice is up to £159 million from £134 million.

“In its annual accounts posted at Companies House, Foster’s said 26% of its order book was for work in the Far East, compared to 16% in the Middle East. North America accounts for 24% of the work, while only 8% is in the UK with a turnover of £11.5 million.” The chief’s executive statement also reported that the firm is “exploring opportunities in South Africa, Japan and further projects in Australia.”

Salaries of Foster & Partners totaled £4.7 million, with the highest paid director, believed to be Foster, receiving £1.8 million. The average staff salary was reported to be close to £50,000.

Reference: BDOnline