The Impact of the Current Economic Climate on WMDA
West Midlands Designers and Architects (WMDA) is an architectural design company based in the West Midlands, England. The company was founded in 2009 by Russell Quinn. WMDA employs 25 people, including 19 designers and architects.
The company has worked on a number of major projects in the West Midlands, including the redevelopment of Birmingham New Street station, the First Direct Arena in Leeds, and the Victoria Centre in Nottingham.
2. The Current Economic Hard Times for the Property Industry
The property industry is currently facing some tough economic times. This is particularly true in the UK, where Brexit uncertainty has led to a slowdown in investment.
This has had a knock-on effect on the construction industry, with many projects being put on hold or cancelled altogether. This has had a direct impact on WMDA, with several of its projects being put on hold or cancelled in recent months.
3. WANDA’s Close-Knit Family of Employees
Despite the current economic difficulties, WMDA has remained a close-knit family of employees. This is largely due to the fact that Quinn is still very much involved in the day-to-day running of the company.
Quinn is known for being very hands-on with his employees and for being very sociable. He often organises social events for his staff, such as trips to the cinema or days out at theme parks.
4. The Quality of WMDA’s Work
The quality of WMDA’s work is very high. This is due to the fact that Quinn only hires experienced designers and architects who are able to produce high-quality work.
WMDA’s work has been recognised by a number of awards bodies, including the Royal Institute of British Architects (RIBA). In 2017, WMDA won the RIBA West Midlands Award for its work on the First Direct Arena in Leeds.
5. WMDA’s Prices and Turnover
WMDA charges high prices for its services. However, this is to be expected given the high quality of its work. Despite its high prices, WMDA has a good turnover rate with many clients returning for repeat business.
6. WMDA’s Profits and Losses
WMDA is a loss-making company at present. This is due to the current economic climate and the fact that many of its projects have been put on hold or cancelled. In spite of this, Quinn remains positive about WMDA’s future prospects and is confident that it will return to profitability soon.
WMDA is a high-quality architectural design company that is facing some tough economic times at present. Despite this, the company remains a close-knit family of employees thanks to Quinn’s involvement and sociable nature. WMDA’s work is of a very high standard and it charges high prices for its services. However, it is currently loss-making due to the current economic climate.