2023/24

Financials

A recap of our year’s financial performance

Our other services include... 
Construction Management, Development Monitoring, FM Consultancy, Principal Design & CDM Consultancy and Tax Consultancy.

In the 2023/24 financial year, our global revenue increased by 6.4% to £292m* (2022/23: £274m), with profit rising by a similar percentage and remaining broadly consistent with previous years.

Most of our regions and service lines delivered strong results, outperforming the previous financial year. Our Cost Management and Project Management divisions continued to grow, along with our Infrastructure Management division, where we see further opportunities for expansion and diversification in the coming year. Our US business also performed well, achieving a 5% increase in turnover, although exchange rate fluctuations slightly dampened their results.
 
The positive momentum has carried into the first half of our 2024/25 financial year, with a strong outlook in both the UK and US markets. As we approach 2025, we anticipate several key trends and challenges that will influence the industry, including evolving client demands, economic uncertainties and material cost volatility. Despite these, we remain optimistic about the firm’s resilience and ability to navigate our clients through this landscape and continue growing in the years ahead.

*Notional 12-month results 
Partners of Gardiner & Theobald have capital invested in the firm and their remuneration is dependent on the firm’s profits