Almost three-quarters (73 per cent) of architecture and design firms still have a positive outlook for the year, expecting revenue and profit growth by the end of 2016; while almost half anticipate increasing marketing spend in an effort to bring in larger-budget projects.
In addition, more than a quarter of firms anticipated an increase in their employee headcount by the end of the year.
Revenues for two-thirds of residential renovation design firms, including small architectural practices, were up last year. Meanwhile, 60 per cent reported an increase in profits.
The biggest challenges facing architectural practices in 2015 were ranked as managing consumers’ fears regarding cost; the battle to find more customers; managing consumers’ expectations, and the general increased cost of operating the business.
Nino Sitchinava, principal economist, Houzz, said: “Our research points to healthy growth in 2015 among architecture, design, renovation, décor, and other small home-related businesses in the Houzz UK community, and a positive outlook for 2016.”
At Sunsquare we are delighted to work in close liaison with a healthy number of both residential and commercial architectural firms, delivering timeless architectural statements for their clients and encouraging abundant levels of natural daylight into precious living areas below.
We’re proud to have the only complete range of BSI Kitemarked flat rooflights on the market and it was very encouraging to see the response of the general public to our products at Grand Designs Live London 2016, during which many direct orders were placed.
Mark Lambert, sales director, Sunsquare, said: “Our reputation for product excellence and great customer service is seemingly spreading far and wide across the country.”