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Turnover has jumped at a Newcastle-headquartered design practice, which transitioned to an employee ownership trust last year and is working on major schemes including the Pilgrim Street regeneration.
For the financial year ending 30 April 2025, Ryder Architecture's UK turnover was £36m, up 14 per cent on 2024, generating pre tax profits of £1m. This is net of costs associated with the move to an EOT on 1 May 2025.
In total, the firm employs 308 people across its UK and international locations.
Mark Thompson, principal and managing director, said: "It's been a challenging period for businesses across many sectors. Greater employment costs brought about by increases to minimum wages and NIC, and office relocations in London and Liverpool, coupled with general uncertainty leading to the stop start nature of projects, has impacted profitability and growth.
"The transition to an EOT, secures the future of Ryder as an independent, well funded business with an exciting range of projects and new prospects."
In the period between 1 May 2024 and 30 April 2025, Ryder completed a number of prominent projects, including Durham University Business School, Highgate East for Camden and Islington NHS Foundation Trust, and the Story in Durham.
The Pilgrim Street regeneration project also reached a number of milestones in 2025, with the opening of Hotel Gotham, Worswick Chambers and the practical completion of Pilgrim’s Quarter.
Further afield, Ryder was appointed to design Jamaica’s National Stadium, Independence Park, which will meet FIFA and World Athletics standards.
