Thames Cable Car architect continues to soar

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The Independent Online

The architecture practice behind the Thames cable car crossing, which proved so popular when it opened ahead of the Olympics, has seen revenue rise by 12 per cent. The London and Hong Kong-based Aedas, which also worked on the Dubai Metro and has 2,000 staff worldwide, said its global turnover hit £158.8m in 2011, while pre-tax profit was £12.8m. Asia provided the bulk of this improvement, as Britain, Europe and the Middle East posted a pre-tax loss of about £1m after a restructure of those operations. Growth in the UK is not expected to return until 2014. Aedas, which has existed in its current guise for just over 10 years, is looking to win more work in the US, where it has offices in Seattle and Los Angeles.