RMJM admit to “cash flow pressures”
November 8 2010
The Asian departures echo similar reports from Dubai and the US centred upon the alleged late payment of wages.
Despite this turmoil a spokesperson for the practice maintained that the company remains in “healthy financial shape.”
RMJM blame a lack of liquidity on late payment from a “significant client” but point out that that the firms figures overall remain “healthy”.
Sources close to RMJM indicate that the financial situation of the practice varies between offices with RMJM Glasgow being the groups star European performer, effectively subsidising Edinburgh and London.
2 Comments
#1 Posted by Kenny on 8 Nov 2010 at 21:07 PM
The big boys are feeling it now, atleast more publicly. Lets see more jobs in architecture being created. Its time to reverse the last 3 years events!
#2 Posted by Wendy on 10 Nov 2010 at 02:12 AM
Roll over Bob the Builder and Fred the Banker - please can we have some architectural talent now!
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