‘We rode out the storm’: Adjaye Associates upbeat after ‘worst year that any architecture firm could have gone through’

By Tom Lowe2025-03-19T14:38:00

Source: Ed Reeve

Practice makes loss of £720,000 after one-off £1.4m tax payment but describes drop in revenue as a “blip”

Architectural practice Adjaye Associates has insisted it is “feeling bullish” after reporting a loss of £720,000 and a downturn in revenue during the year that its founder David Adjaye faced allegations of sexual misconduct.

The practice said its pre-tax profit margin would have stayed in the black at 4% without a one-off payment of £1.46m made after “reviewing claims for withholding taxes from foreign jurisdictions”.

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