Newcastle-based engineering consultancy Cundall is celebrating its 50th anniversary with a strong financial performance, marked by rising revenues and profits, as it expands its global footprint and moves into a new headquarters.
Financial Growth in a Milestone Year
As Cundall reaches its half-century milestone, the company has released its accounts for the year ending June 30, 2025. The figures reveal a significant uplift in turnover, which increased from £105.56 million to £112.9 million. Operating profits also saw a healthy rise, climbing from £12.44 million to £13 million. This growth comes despite a challenging global economic backdrop, with the board of directors noting strong performance amid inflationary pressures and market turmoil.
Profit available for discretionary division among members stood at £10.9 million, a slight decrease from the previous year's £11.5 million. The company attributed its success to the dedication of its staff and the trust of its clients, who value Cundall's expertise across various market sectors. This has enabled the firm to enhance its capabilities and broaden its skills offering to clients and communities worldwide.
Expanding Workforce and Global Presence
The past year also saw Cundall welcome 100 new employees, boosting its average workforce from 1,172 to 1,272. With over 1,200 staff across 29 offices globally, including eight in the UK and international bases in locations such as Hong Kong, Adelaide, Dubai, Singapore, and Sydney, the company is poised for further expansion. Post-year-end, Cundall has planned for increased activity levels in most of its global business, with corresponding growth in employee numbers. The firm is actively exploring opportunities to enter new global locations in the coming financial year.
New Headquarters at Bank House
In October of last year, Cundall officially launched its new headquarters at Bank House in Newcastle. The design and engineering multinational relocated its 150-strong Tyneside workforce to the 10th floor of this prime building, which it helped to design, moving from its former base at Regent Centre in Gosforth. The new office offers stunning views of the city and wider region, symbolising Cundall's long-standing commitment to the North East.
Tomás Neeson, chairman at Cundall, expressed pride in the company's achievements, stating, "We are pleased with our results for the 2024-2025 financial year, which reflect our ongoing commitment to creating as many opportunities as possible for engineers to deliver a low-carbon future for the built environment." He emphasised that as the company enters its 50th year, it is not just celebrating a legacy but building on it, with a focus on evolving roles in engineering through AI and emerging technologies.
Legacy and Future Projects
Cundall has been involved in numerous landmark projects over the decades, including facilities for the 2012 London Olympics and the retrofitting of the famous Palm House at Kew Gardens in London. Locally, the firm has contributed to schemes such as Eldon Square, Pilgrim's Quarter, and the Theatre Royal. Looking ahead, Cundall sees opportunities across a wide range of sectors and locations, with its global data centre sector continuing to thrive. Notably, the company is delivering locally in Cambois for QTS, the largest data centre deployment in the North East.
Neeson added, "Our new home in the city centre overlooks much of the city that we are so proud to have helped shape over the last five decades, including all the Pilgrim Street regeneration projects, which attracted over half a billion pounds in investment and engaged all of our engineering disciplines." Despite economic uncertainty, Cundall's trajectory remains strong, positioning it for continued success in the years to come.
