{"id":984356,"date":"2025-11-29T11:29:39","date_gmt":"2025-11-29T11:29:39","guid":{"rendered":"https:\/\/ukpostcode.org\/content\/?p=984356"},"modified":"2025-11-29T11:29:39","modified_gmt":"2025-11-29T11:29:39","slug":"rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge","status":"publish","type":"post","link":"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/","title":{"rendered":"RSHP reports stable UK workloads despite last year\u2019s profit plunge"},"content":{"rendered":"<p>&nbsp;<\/p>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_happened_Profit_plunge_but_workloads_held_up\" title=\"\u00a0What happened: Profit plunge but workloads held up\">\u00a0What happened: Profit plunge but workloads held up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_Case%E2%80%91Study_Style_RSHPs_202425_Cycle\" title=\"\u00a0Case\u2011Study Style: RSHP\u2019s 2024\/25 Cycle\">\u00a0Case\u2011Study Style: RSHP\u2019s 2024\/25 Cycle<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#Case_Study_A_%E2%80%94_Managing_Cost_Pressure_While_Keeping_Projects_Alive\" title=\"Case Study A \u2014 Managing Cost Pressure While Keeping Projects Alive\">Case Study A \u2014 Managing Cost Pressure While Keeping Projects Alive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#Case_Study_B_%E2%80%94_Reliance_on_Large-Scale_Projects_to_Stabilize_Business\" title=\"Case Study B \u2014 Reliance on Large-Scale Projects to Stabilize Business\">Case Study B \u2014 Reliance on Large-Scale Projects to Stabilize Business<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_RSHP_and_Analysts_Are_Saying_%E2%80%94_Key_Comments_Signals\" title=\"\u00a0What RSHP and Analysts Are Saying \u2014 Key Comments &amp; Signals\">\u00a0What RSHP and Analysts Are Saying \u2014 Key Comments &amp; Signals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_It_Illustrates_Risks_Challenges_What_to_Watch\" title=\"\u00a0What It Illustrates: Risks, Challenges &amp; What to Watch\">\u00a0What It Illustrates: Risks, Challenges &amp; What to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_to_Watch_%E2%80%94_Looking_Ahead_to_2025_and_Beyond\" title=\"\u00a0What to Watch \u2014 Looking Ahead to 2025 and Beyond\">\u00a0What to Watch \u2014 Looking Ahead to 2025 and Beyond<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_happened_%E2%80%94_Profit_plunge_but_workloads_held_up\" title=\"\u00a0What happened \u2014 Profit plunge but workloads held up\">\u00a0What happened \u2014 Profit plunge but workloads held up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_Case%E2%80%91Study_Style_RSHPs_202425_Cycle-2\" title=\"\u00a0Case\u2011Study Style: RSHP\u2019s 2024\/25 Cycle\">\u00a0Case\u2011Study Style: RSHP\u2019s 2024\/25 Cycle<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#Case_Study_A_%E2%80%94_Managing_Cost_Pressure_While_Keeping_Projects_Alive-2\" title=\"Case Study A \u2014 Managing Cost Pressure While Keeping Projects Alive\">Case Study A \u2014 Managing Cost Pressure While Keeping Projects Alive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#Case_Study_B_%E2%80%94_Reliance_on_Large-Scale_Projects_to_Stabilize_Business-2\" title=\"Case Study B \u2014 Reliance on Large-Scale Projects to Stabilize Business\">Case Study B \u2014 Reliance on Large-Scale Projects to Stabilize Business<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_RSHP_and_Analysts_Are_Saying_%E2%80%94_Key_Comments_Signals-2\" title=\"\u00a0What RSHP and Analysts Are Saying \u2014 Key Comments &amp; Signals\">\u00a0What RSHP and Analysts Are Saying \u2014 Key Comments &amp; Signals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_It_Illustrates_Risks_Challenges_Whats_Not_Yet_Certain\" title=\"\u00a0What It Illustrates: Risks, Challenges &amp; What\u2019s Not Yet Certain\">\u00a0What It Illustrates: Risks, Challenges &amp; What\u2019s Not Yet Certain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/ukpostcode.org\/content\/rshp-reports-stable-uk-workloads-despite-last-years-profit-plunge\/#_What_to_Watch_%E2%80%94_Looking_Ahead_to_2025_and_Beyond-2\" title=\"\u00a0What to Watch \u2014 Looking Ahead to 2025 and Beyond\">\u00a0What to Watch \u2014 Looking Ahead to 2025 and Beyond<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"_What_happened_Profit_plunge_but_workloads_held_up\"><\/span>\u00a0What happened: Profit plunge but workloads held up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>According to RSHP\u2019s newly published 2024\/2025 results, their <strong>turnover rose to \u00a326.6\u202fm<\/strong> \u2014 a modest increase \u2014 but <strong>pre\u2011tax profit plunged<\/strong>, falling from \u00a32.3\u202fm in the prior comparable period to just <strong>\u00a3203,000<\/strong>. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<li>The sharp drop in profit is largely attributed to rising staff costs: personnel expenses reportedly rose 19%. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<li>On the face of it, that suggests RSHP suffered a major margin squeeze, even though top-line revenue held up.<\/li>\n<\/ul>\n<p>Yet \u2014 and this is the interesting contrast \u2014 RSHP says that <strong>its UK workloads remained strong<\/strong>: workload value in the UK rose to <strong>\u00a38.4\u202fm<\/strong> last year. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/p>\n<ul>\n<li>RSHP noted that activity picked up in the final months of 2024, and that momentum has carried into 2025 \u2014 giving them reason to expect a \u201csignificant increase\u201d in both turnover and profitability for the current year (to December\u202f2025). (<a title=\"RSHP says UK workloads holding up and forecasts improved 2025 numbers after profit plunge last year | News | Building\" href=\"https:\/\/www.building.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139561.article?utm_source=chatgpt.com\">building.co.uk<\/a>)<\/li>\n<li>Much of the optimism is tied to new, major projects: the resumption of the extension works on the British Library, and the green\u2011lighted 54\u2011storey tower at 99 Bishopsgate in London. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<\/ul>\n<p>Thus, RSHP is presenting a real\u2011world case where workloads (pipeline \/ project value) decoupled from immediate profitability \u2014 showing resilience in demand even as cost pressures squeezed margins.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_Case%E2%80%91Study_Style_RSHPs_202425_Cycle\"><\/span>\u00a0Case\u2011Study Style: RSHP\u2019s 2024\/25 Cycle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Case_Study_A_%E2%80%94_Managing_Cost_Pressure_While_Keeping_Projects_Alive\"><\/span><strong>Case Study A \u2014 Managing Cost Pressure While Keeping Projects Alive<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Situation<\/strong>: Rising labour costs (staff costs up 19%) along with inflation and general economic headwinds.<\/li>\n<li><strong>Action<\/strong>: RSHP kept securing new UK\u2011based commissions, delayed staff layoffs, and accepted tighter margins for the time being, focusing on project pipeline rather than short\u2011term profits.<\/li>\n<li><strong>Outcome<\/strong>: Revenue held up; despite margin squeeze, the firm maintained a strong order book and expects recovery in profitability as new projects ramp up.<\/li>\n<\/ul>\n<p>This shows a strategic trade-off: short\u2011term pain for potential long\u2011term gain \u2014 a bet that project backlog + new wins will outweigh elevated costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Case_Study_B_%E2%80%94_Reliance_on_Large-Scale_Projects_to_Stabilize_Business\"><\/span><strong>Case Study B \u2014 Reliance on Large-Scale Projects to Stabilize Business<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Major schemes like the British Library extension and 99 Bishopsgate tower represent <strong>high-value, long-duration work<\/strong>.<\/li>\n<li>By anchoring its pipeline on such projects, RSHP reduces reliance on many small contracts \u2014 which can be riskier in volatile markets.<\/li>\n<li>This strategy may help buffer against sector\u2011wide slowdowns (e.g. in housing or small commercial sit\u2011downs) that affect others in the architecture\/construction space.<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_What_RSHP_and_Analysts_Are_Saying_%E2%80%94_Key_Comments_Signals\"><\/span>\u00a0What RSHP and Analysts Are Saying \u2014 Key Comments &amp; Signals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>RSHP itself states that the UK market \u201chas remained strong,\u201d and that they\u2019ve \u201csecured more work than previously projected.\u201d (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<li>The firm seems cautiously optimistic: given the pipeline, they foresee better results for the full 2025 financial year \u2014 implying that the 2024 profit slump may be a temporary blip tied to cost pressures rather than demand collapse. (<a title=\"RSHP says UK workloads holding up and forecasts improved 2025 numbers after profit plunge last year | News | Building\" href=\"https:\/\/www.building.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139561.article?utm_source=chatgpt.com\">building.co.uk<\/a>)<\/li>\n<li>On the flip side, in past years (e.g. 2022) RSHP\u2019s profit dropped significantly even when revenue shrank only modestly \u2014 illustrating how <strong>cost inflation and project delays<\/strong> in the wider construction environment still pose real risks. (<a title=\"RSHP reports declining profit and turnover | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-reports-declining-profit-and-turnover\/5125703.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<\/ul>\n<p>Analysts looking at the broader UK architecture sector note a trend: many firms report rising revenues but shrinking margins, because of <strong>rising staff costs, inflation, and increased overheads<\/strong>. (<a title=\"UK architecture sector\" href=\"https:\/\/mooreks.co.uk\/wp-content\/uploads\/2025\/04\/UK-architecture-sector-benchmarking-report.pdf?utm_source=chatgpt.com\">Moore Kingston Smith<\/a>)<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_What_It_Illustrates_Risks_Challenges_What_to_Watch\"><\/span>\u00a0What It Illustrates: Risks, Challenges &amp; What to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Profit margin vulnerability<\/strong>: Even with healthy workloads, cost inflation (wages, overheads) can decimate profitability. RSHP\u2019s 2024 shows how sensitive architecture\/consultancy firms are to labour costs.<\/li>\n<li><strong>Reliance on large projects \u2014 but with concentration risk<\/strong>: Big projects provide stability \u2014 but also risk: delays, planning permission issues, or cancellation can hit hard. Firms like RSHP may emerge more vulnerable if high\u2011value schemes stall.<\/li>\n<li><strong>Timing mismatch between contract wins and cashflow\/profits<\/strong>: Project-based work often means expenses now, revenues later. If overheads soar before income materialises, firms risk cashflow pressure. RSHP may have navigated this, but long\u2011term success depends on delivery speed.<\/li>\n<li><strong>Sector-wide pressure on smaller practices<\/strong>: RSHP is relatively large and diversified \u2014 but smaller architecture firms may not absorb inflation or cost shock as well. A squeeze on profit margins and cost-of-living pressures could narrow the field.<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_What_to_Watch_%E2%80%94_Looking_Ahead_to_2025_and_Beyond\"><\/span>\u00a0What to Watch \u2014 Looking Ahead to 2025 and Beyond<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Will RSHP\u2019s optimism play out? Success with the British Library extension and 99\u202fBishopsgate could restore profitability \u2014 but execution, permits, and economic environment will matter.<\/li>\n<li>If inflation and labour costs remain high (or rise further), even healthy workloads may not guarantee stable profits \u2014 firms might need to raise fees, downsize, or streamline operations.<\/li>\n<li>For the architecture\/construction sector broadly, 2024\u201325 may mark a shift: backlog matters, but so does cost\u2011control. Firms that balance both may survive; those that don\u2019t may struggle.<\/li>\n<li>Finally, monitoring fluid factors like interest rates, construction demand, planning delays, and inflation will be critical: even resilient practices like RSHP aren\u2019t immune to macroeconomic shifts.<\/li>\n<li>Here\u2019s a detailed breakdown \u2014 with <strong>case\u2011studies and commentary<\/strong> \u2014 of what\u2019s going on at Rogers Stirk Harbour &amp; Partners (RSHP) following its \u201cstable UK workloads despite last year\u2019s profit plunge\u201d update. I highlight what the numbers show, what insiders are saying, and what to watch going forward.<br \/>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_What_happened_%E2%80%94_Profit_plunge_but_workloads_held_up\"><\/span>\u00a0What happened \u2014 Profit plunge but workloads held up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>According to RSHP\u2019s newly published 2024\/2025 results, their <strong>turnover rose to \u00a326.6\u202fm<\/strong> \u2014 a modest increase \u2014 but <strong>pre\u2011tax profit plunged<\/strong>, falling from ~\u00a32.3\u202fm in the prior comparable period to just <strong>\u00a3203,000<\/strong>. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<li>The sharp drop in profit is largely attributed to rising staff costs: personnel expenses reportedly rose 19%. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<li>On the face of it, that suggests RSHP suffered a major margin squeeze, even though top-line revenue held up.<\/li>\n<\/ul>\n<p>Yet \u2014 and this is the interesting contrast \u2014 RSHP says that <strong>its UK workloads remained strong<\/strong>: workload value in the UK rose to <strong>\u00a38.4\u202fm<\/strong> last year. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/p>\n<ul>\n<li>RSHP noted that activity picked up in the final months of 2024, and that momentum has carried into 2025 \u2014 giving them reason to expect a \u201csignificant increase\u201d in both turnover and profitability for the current year (to December 2025). (<a title=\"RSHP says UK workloads holding up and forecasts improved 2025 numbers after profit plunge last year | News | Building\" href=\"https:\/\/www.building.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139561.article?utm_source=chatgpt.com\">building.co.uk<\/a>)<\/li>\n<li>Much of the optimism is tied to new, major projects: the resumption of the extension works on the British Library, and the green\u2011lighted 54\u2011storey tower at 99 Bishopsgate in London. (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<\/ul>\n<p>Thus, RSHP is presenting a real\u2011world case where workloads (pipeline \/ project value) decoupled from immediate profitability \u2014 showing resilience in demand even as cost pressures squeezed margins.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_Case%E2%80%91Study_Style_RSHPs_202425_Cycle-2\"><\/span>\u00a0Case\u2011Study Style: RSHP\u2019s 2024\/25 Cycle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Case_Study_A_%E2%80%94_Managing_Cost_Pressure_While_Keeping_Projects_Alive-2\"><\/span><strong>Case Study A \u2014 Managing Cost Pressure While Keeping Projects Alive<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Situation<\/strong>: Rising labour costs (staff costs up 19%) along with inflation and general economic headwinds.<\/li>\n<li><strong>Action<\/strong>: RSHP kept securing new UK-based commissions, delayed staff layoffs, and accepted tighter margins for the time being, focusing on project pipeline rather than short-term profits.<\/li>\n<li><strong>Outcome<\/strong>: Revenue held up; despite margin squeeze, the firm maintained a strong order book and expects recovery in profitability as new projects ramp up.<\/li>\n<\/ul>\n<p>This shows a strategic trade-off: short-term pain for potential long-term gain \u2014 a bet that project backlog + new wins will outweigh elevated costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Case_Study_B_%E2%80%94_Reliance_on_Large-Scale_Projects_to_Stabilize_Business-2\"><\/span><strong>Case Study B \u2014 Reliance on Large-Scale Projects to Stabilize Business<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Major schemes like the British Library extension and 99\u202fBishopsgate tower represent <strong>high\u2011value, long\u2011duration work<\/strong>.<\/li>\n<li>By anchoring its pipeline on such projects, RSHP reduces reliance on many small contracts \u2014 which can be riskier in volatile markets.<\/li>\n<li>This strategy may help buffer against sector\u2011wide slowdowns (e.g. in housing or small commercial sit\u2011downs) that affect others in the architecture\/construction space.<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_What_RSHP_and_Analysts_Are_Saying_%E2%80%94_Key_Comments_Signals-2\"><\/span>\u00a0What RSHP and Analysts Are Saying \u2014 Key Comments &amp; Signals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>RSHP itself states that the UK market \u201chas remained strong,\u201d and that they\u2019ve \u201csecured more work than we had previously projected.\u201d (<a title=\"RSHP says UK workloads holding up after profit plunge last year | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139566.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/li>\n<li>The firm seems cautiously optimistic: given the pipeline, they foresee better results for the full 2025 financial year \u2014 implying that the 2024 profit slump may be a temporary blip tied to cost pressures rather than demand collapse. (<a title=\"RSHP says UK workloads holding up and forecasts improved 2025 numbers after profit plunge last year | News | Building\" href=\"https:\/\/www.building.co.uk\/news\/rshp-says-uk-workloads-holding-up-and-forecasts-improved-2025-numbers-after-profit-plunge-last-year\/5139561.article?utm_source=chatgpt.com\">building.co.uk<\/a>)<\/li>\n<li>On the flip side, in past years (e.g. 2022) RSHP\u2019s profit dropped significantly even when revenue shrank only modestly \u2014 illustrating how <strong>cost inflation and project delays<\/strong> in the wider construction environment still pose real risks. (<a title=\"Turnover and profit slip at architect RSHP | News | Building\" href=\"https:\/\/www.building.co.uk\/news\/turnover-and-profit-slip-at-architect-rshp\/5125711.article?utm_source=chatgpt.com\">building.co.uk<\/a>)<\/li>\n<\/ul>\n<p>Analysts looking at the broader UK architecture sector note a trend: many firms report rising revenues but shrinking margins, because of <strong>rising staff costs, inflation, and increased overheads<\/strong>. (<a title=\"Architecture profession seeing strongest growth in eight years but small practices still struggling, RIBA report finds | News | Building Design\" href=\"https:\/\/www.bdonline.co.uk\/news\/architecture-profession-seeing-strongest-growth-in-eight-years-but-small-practices-still-struggling-riba-report-finds\/5139415.article?utm_source=chatgpt.com\">bdonline.co.uk<\/a>)<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_What_It_Illustrates_Risks_Challenges_Whats_Not_Yet_Certain\"><\/span>\u00a0What It Illustrates: Risks, Challenges &amp; What\u2019s Not Yet Certain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Profit margin vulnerability<\/strong>: Even with healthy workloads, cost inflation (wages, overheads) can decimate profitability. RSHP\u2019s 2024 shows how sensitive architecture\/consultancy firms are to labour costs.<\/li>\n<li><strong>Reliance on large projects \u2014 but with concentration risk<\/strong>: Big projects provide stability \u2014 but also risk: delays, planning permission issues, or cancellation can hit hard. Firms like RSHP may emerge more vulnerable if high\u2011value schemes stall.<\/li>\n<li><strong>Timing mismatch between contract wins and cashflow\/profits<\/strong>: Project-based work often means expenses now, revenues later. If overheads soar before income materialises, firms risk cashflow pressure. RSHP may have navigated this, but long-term success depends on delivery speed.<\/li>\n<li><strong>Sector-wide pressure on smaller practices<\/strong>: RSHP is relatively large and diversified \u2014 but smaller architecture firms may not absorb inflation or cost shock as well. A squeeze on profit margins and cost-of-living pressures could narrow the field.<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"_What_to_Watch_%E2%80%94_Looking_Ahead_to_2025_and_Beyond-2\"><\/span>\u00a0What to Watch \u2014 Looking Ahead to 2025 and Beyond<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Will RSHP\u2019s optimism play out? Success with the British Library extension and 99 Bishopsgate could restore profitability \u2014 but execution, permits, and economic environment will matter.<\/li>\n<li>If inflation and labour costs remain high (or rise further), even healthy workloads may not guarantee stable profits \u2014 firms might need to raise fees, downsize, or streamline operations.<\/li>\n<li>For the architecture\/construction sector broadly, 2024\u201325 may mark a shift: backlog matters, but so does cost\u2011control. Firms that balance both may survive; those that don\u2019t may struggle.<\/li>\n<li>Finally, monitoring fluid factors like interest rates, construction demand, planning delays, and inflation will be critical: even resilient practices like RSHP aren\u2019t immune to macroeconomic shifts.<\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u00a0What happened: Profit plunge but workloads held up According to RSHP\u2019s newly published 2024\/2025 results, their turnover rose to \u00a326.6\u202fm \u2014 a modest increase&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,6],"tags":[],"class_list":["post-984356","post","type-post","status-publish","format-standard","hentry","category-gb-news","category-uk-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RSHP reports stable UK workloads despite last year\u2019s profit plunge - UK News &amp; 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