For the year to 30 September 2013, Aukett Fitzroy Robinson Group reported profit before tax from continuing operations up 162% to 拢550,000 (2012: 拢210,000).
Whilst revenue fell 8% during the year to 拢8.41m (2012: 拢9.15m), revenues less subconsultant costs increased by 6% to 拢7.12m (2012: 拢6.74m). Thanks to cost-cutting, pre-tax profits rose to 拢550,000 (2012: 拢210,000). This result has enabled the group to start paying dividends again.
The majority of the trading improvement came from a second half uplift in UK revenue, making up for poor performances in both Russia and the Middle East.
UK profits increased from 拢127,000 in the first half to 拢961,000 for the full year (2012: 拢38,000). This allowed bonuses to be paid, the first for quite a few years, the firm said.
Staff recruitment was also in full swing, with the monthly number of technical staff rising from 44 in February 2013 to 78 in September 2013.
In December Aukett Fitzroy Robinson acquired Swanke Hayden Connell Europe (SHCE) for 拢1.58m, and now trades as Aukett Swanke.
CEO Nicholas Thompson said: "Our performance in 2013 reflects a continuation of our recovery plans which have enabled us to move to a more strategic platform going forward as evidenced by our recent acquisition and creation of Aukett Swanke for 2014"
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