Business
Results for the year ended 30 September 2022
Results for the year ended 30 September 2022.
About this update from Built Cybernetics Plc
[{"type":"text","content":"\n \n \n \n Aukett Swanke Group Plc\n \n \n \n \n \n \n \n \n (\"Aukett Swanke\", the \"Company\", or, together with its subsidiaries, the \"Group\")\n \n \n \n \n \n \n \n \n Final audited results\n \n \n \n \n for the year ended 30 September 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Aukett Swanke Group plc, the international group of architects, interior designers and engineers announces its final audited results for the year ended 30 September 2022.\n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n Period under review\n \n \n \n \n \n \n ·\n Revenue less sub consultant costs (from continuing operations) up 13% to £7.127m (2021: £6.305m) due to increases from the UK operations.\n \n \n ·\n Trading loss before tax (from continuing operations) reduced to £72k (2021: £595k).\n \n \n ·\n Continued strong performance from its German associate and joint venture, recording profit of £327k (2021: £186k).\n \n \n ·\n Disposal of John R Harris & Partners for £1.1m (AED 5.0m), and discontinuation of remaining loss making UAE businesses.\n \n \n ·\n One-off impairment of £1.75m goodwill from historic mergers to better reflect the tangible position of the current operations. \n \n \n \n \n \n \n Since the financial year end\n \n \n \n \n \n \n \n \n Acquisition of Torpedo Factory Group Limited which:\n \n \n ·\n expands the Group technology offering relating to building systems;\n \n \n ·\n increases access to recurring revenue opportunities;\n \n \n ·\n strengthens the financial position of the enlarged Group; and\n \n \n ·\n strengthens the executive management team.\n \n \n \n \n \n \n \n \n \n Clive Carver, Chairman said:\n \n \n \n \n \n \n \n \"Our focus is on growing both the core architecture businesses and our building systems capabilities.\"\n \n \n \n \n \n \n \n \n \n Robert Fry, CEO said:\n \n \n \n \n \n \n \n \"During the period under review, market conditions across the Group's continuing business segments improved, reflected in higher revenues and stronger trading results in the second half of the year.\n \n \n \n \n \n \n \n \n \n This momentum has continued after the year end. We continue to receive repeat instructions from longstanding clients and win new business, resulting in an improve...