UK-headquartered construction and property consultancy Gardiner & Theobald (G&T) demonstrated ‘resilience and agility’ amid a challenging global economic landscape, in its latest annual results.
Global revenue for the 2023/24 financial year increased 6.4 per cent to £292 million (2022/23: £274 million).
G&T’s London division represented 67 per cent of global revenue with £195 million, while its infrastructure division saw further growth with £34.8 million of global revenue.
The firm also noted having 3,172 active projects in 2023/24 as well as £17.6 million in social value generated since 2021, increasing it by £2.6 million.
In August, Canadian investment firm Hennick & Company (HennickCo) acquired a stake in G&T to support its continued growth and global expansion.
In terms of outlook, G&T remains optimistic with a strong pipeline of work underpinned ‘by continued high demand’ for its services across key sectors.
Managing partner Adam Glover said: “Over the past year, the global economic landscape has presented numerous challenges, including inflationary pressures, shifting market dynamics and geopolitical uncertainties.
“These factors have affected various sectors and created a more complex operating environment for businesses worldwide.
“Despite these headwinds, our firm has demonstrated resilience and agility, delivering a robust performance across our core markets and growth in new sectors.
“Growth was driven by a solid performance across our UK and US businesses, with particularly strong results in our infrastructure division, where we see considerable room for further expansion.”
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