Employee-owned practice pays off debt ahead of schedule, as directors remuneration soarsSource: Google Street ViewHopkins Architects Marylebone officeHopkins Architects has reported an increase in turnover in its latest financial results, although pre-tax profit declined compared to the previous year.According to accounts filed for the financial year ending 31 March 2024, the practice recorded turnover of 35.5 million, up from 27.9 million the previous year. Pre-tax profit for the year was 5.2 million, down from 6.9 million in 2023.Turnover from the UK business fell sharply from 13.7 million to 9.2 million, while international turnover rose significantly from 14.2 million to 26.2 million.The practice, which converted to an Employee Ownership Trust (EOT) in 2019, also confirmed that it has now repaid the debt owed to its former shareholders ahead of schedule. The directors described this as a significant milestone achieved earlier than anticipated.Directors remuneration for the year totalled 2.94 million, a substantial increase from 699,307 in 2023. The highest-paid director received 614,788, up from 145,802 the previous year.Hopkins Architects, which has its headquarters in Marylebone and an office in Dubai, continues to work on projects in the UK and internationally.Recently completed schemes include work for Haileybury School and the University of Virginia.>> Also read:Profit up at Hopkins Architects