This significant growth from the previous year is primarily attributed to repeat business from their existing client base, especially those served by their newly formed Corporate Accounts team which the business launched in 2010/11.
This close partnership with key clients has resulted in Area Sq gaining in-depth specialist sector and client knowledge and generated a high level of repeat business for Corporate Accounts, which now represents almost 70% of turnover. The partnership has also enabled clients to roll out ambitious expansion programmes and make significant improvements to their working environment in 2010/11.
Through their principle offices in Egham and Central London, Area Sq operates on a national scale and reports particular growth outside of London. Here the company has delivered projects for Ferring Pharmaceuticals, EasyJet, Steria/Eastbourne Borough Council, Telindus and Warner Chilcott.
In London, Area Sq has built in-depth specialist knowledge of the local market which has driven rapid growth and enabled delivery of high-end projects in premium locations including 125 Old Broad Street, Tower 42 and Aldermanbury Sq for financial clients Eiser Infrastructure Partners LLP, Cheviot Asset Management, August Equity and moneysupermarket.com. Other high profile projects include LVMH's 20,000 Sq ft UK Headquarters in W1, Byrne and Partners’ 9,000 Sq ft office in EC4 and Shazam Entertainments' 14,500 Sq ft facilities in W6.
Following their rapid growth, Area Sq is now set to relocate to larger London offices at the end of the year and is also currently expanding its Surrey Headquarters in Egham.
Clive Lucking, Group Managing Director comments: "We have had our best ever year; we have increased our headcount by 20% and formed dedicated client teams with specialist sector and client knowledge to support our "client for life" philosophy. We are extremely proud of the projects we have delivered and of our results in a challenging climate. We would like to thank the clients and partners we have worked with over the past year and we look forward to delivering more high quality projects on time and on budget."
