Staff and stakeholders at Foster + Partners have shared £33m after a stake in the business was sold to a billionaire Canadian family.
In 2021 the architecture practice announced a “strategic partnership” with the Hennick family, which unseated Lord Foster of Thames Bank as the biggest shareholder.
According to the company’s latest accounts, bonuses and share options were dished out as part of the deal. Just over £22m of shares were split between “certain employees”, while a further £11.1m of bonuses were split among all staff.
In the year to the end of April 2022, revenue at Foster + Partners rose by 16% to £232.7m, up from £200.2m in 2021. However, pretax profit fell by 42% to £20.9m.
