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Hopkins Architects reported a 30% increase in turnover in its latest annual accounts, driven by a boom in work outside the UK and continental Europe.
The practice, founded by Michael and Patty Hopkins in 1976, said revenue for the year to March 31, 2023 was £30.6m, up from the previous year. £23.4 million per year. Profit before tax increased by 7% from £4 million to £6.9 million.
A regional breakdown of Hopkins’ turnover shows that income from work in “rest of the world” doubled during the reporting period, from £7.8m in 2022 to £16.9m in 2023.
Meanwhile, UK turnover fell from £15.3 million to £13.6 million and European turnover fell from £246,513 to £39,702.
The company, which has its headquarters in Marylebone and is based in Dubai, said in a strategy note accompanying the accounts that the figures represented a “stable” overall financial position.
It marks ongoing work at the University of Oxford, Derwent University London, Portman House, Native Land, Eton College, Dubai World Trade Centre, the Royal Commission of Saudi Arabia, Cleveland Clinic and the Hong Kong and Shanghai Hotels Group.
Plans for Grosvenor House, Colby College and the London Borough of Richmond-upon-Thames will start on site over the next year, said Hopkins, whose firm won the 2019 Twickenham River Design competition for the coastal project. The estimated construction budget is £25 million to £35 million.
This approach also points to the “mapping efforts” of CERN, the Al Ula Royal Commission, Semens and the Goodwood Estate.
“The board believes the business is well-positioned,” the strategy note said. “However, it does expect challenges arising from the UK and global economic downturn.
“We work across a variety of sectors across the United States, the Middle East and the UK, which provides a broad platform from which to win new work and continue to deliver sustainable and well-designed buildings to our clients.”
Accounts show Hopkins Architects Group’s headcount in 2023 was 180, the same as in 2022. However, this figure includes a small increase in architects and construction staff, from 150 to 152, during the period, offset by decreases in other categories of staff.
The practice’s highest-paid director earned £145,802 in 2023, down from £148,152 in 2022, the report said. The director’s name was not disclosed.
The clinic’s founder, Michael Hopkins, died last June at the age of 88. He had suffered from vascular dementia for many years.
Patty Hopkins has been awarded an OBE for her services to architecture in the New Year Honors list.
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