Scott Tallon Walker records operating loss of €545,996
Architectural firm which co-designed the Aviva Stadium saw revenues rise to €4.8m. However, the multi-award-winning building designers recorded an operating loss of €545,996 last year (2014).
The company, which co-designed the Aviva Stadium had made profit of €777,961 the previous year (2013).
The loss comes despite a rising turnover, with revenues increasing from €4.1 million in 2013 to €4.8 million last year.
Accounts just filed by the firm show a pre-tax loss of €518,440 last year compared with a pre-tax profit of €796,309 in 2013.
The number of employees increased from 52 to 57 between 2013 and 2014. Staff costs, including wages and pensions, jumped from €1.5 million in 2013 to €3.2 million.
Commenting the announcement, the directors of the company said 2014 saw “real recovery in the Irish market” with a number of new contracts secured. They also wrote in a report :
“We have recruited a number of people to deliver this work in 2015, and their costs are reflected in the operating expenses in 2014.”
Firm Scott Tallon Walker has been involved in major projects over the years including the redevelopment of Spencer Dock, A&L Goodbody Solicitors headquarters, the IFSC Clarion Hotel at North Wall Quay and the Mater Misericordiae University Hospital in Dublin.
