HJ Lyons (Architects) Ltd saw a 1.4% increase in revenues last year, reaching €36.64m compared to the previous year’s €36.14m. However, higher costs caused a decline in pre-tax profit of 21%, dropping from €394,499 to €312,501.
The company, which employs 303 individuals, including 270 architects and 33 administrative staff, had ten directors during the year. The directors’ remuneration decreased by 11.4% from €4.3m to €3.82m in the same period. This remuneration consisted of €3.47m in pay and €348,440 in pension contributions.
HJ Lyons (Architects) Ltd, known for designing projects like Clery’s Quarter and the Central Bank HQ in Dublin, stated that the trading results for the year and the financial position at year-end were deemed satisfactory. Revenues remained consistent year on year, with €35m generated in Ireland and €962,212 in the rest of Europe.
In October 2022, the company expanded its portfolio by acquiring NODA (Nikki O’Donnell Architects Ltd) in a post-balance sheet event. The firm’s cost of sales reduced to €27.15m, while administrative expenses increased to €9.17m. Staff costs, including directors’ pay, decreased from €26.47m to €25.78m, which consisted of €23.07m in salaries, €2.33m in social insurance costs, and €379,940 in pension contributions.
At the end of September, the company’s shareholder funds amounted to €6.7m, while its cash funds decreased from €11.07m to €10.78m. The recorded profit considers non-cash depreciation charges of €594,687 and operating lease costs of €1.1m, resulting in post-tax profits of €154,685 after paying corporation tax of €157,816.
Some notable projects handled by HJ Lyons (Architects) Ltd in Dublin include One Molesworth Street, IPUT’s Wilton Park scheme, Docusign’s EMEA headquarters, and Central Plaza on Dame Street.
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