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RIBA / The Fees Bureau

Architects’ Survey 2024

Fees Bureau
The information you provide will be recorded anonymously; no individual is traced back to their reply. It will only take a few minutes to complete.

CONFIDENTIAL

 

YOURSELF

Please describe yourself at 01.04.24

1.

Gender

2.

 

Age

3.

 

Number of years on the ARB Register

4.

 

Ethnic Background

5.

Disability

Do you consider yourself to have a disability or long-term condition?

   

Yes No

 

 

If you selected yes to the previous question please give details below

   

6.

Sexual orientation

What best describes your sexual orientation? 

   

7.

University

Were you the first generation in your immediate family to go to university?

   

Yes   No

8. When you retired

In which year did you retire from architecture?

   

9. PII

Do you currently hold any Professional Indemnity Insurance?

   

Yes   No

YOUR PREVIOUS JOB

Please describe your previous job

10. Please describe your previous job What was your main field of employment immediately before stopping work?

 

  How long had you been with this employer?

 

years

  What were your annual earnings in the year immediately before stopping work?

 

(£)

YOUR CURRENT SITUATION

11. Annual income

What is your current ANNUAL income? (excluding state pension or benefits)

Please include occupational pensions, dividends from your practice and investment income

   

)

12. Retirement Does your retirement income allow you to live in the way you expected to when you began thinking about retirement?
   

   

Were you able to retire when you wanted to?

   

    If you answered ‘no’ to the previous question, what were the reasons?
    Financial reasons
    Too much work
    Wanted to complete a job
    Difficulties in selling / merging / winding up the business
    Redundancy
    Poor health
    Other reasons (please state)
   

If you were a PRINCIPAL, PARTNER or DIRECTOR in an architectural practice, we would be grateful if you would answer the following questions.  If you were not, the questionnaire ends here, please CLICK AT BOTTOM OF PAGE to submit your responses to us and thank you for your help.

YOUR PREVIOUS PRACTICE

13.

Please give details about your practice

How long had you been an owner in your practice?

 

years

 

 

What share of the business did you own immediately before retirement?

   

%

14.

Please give details about the disposal or closure of your practice

How did you dispose of your practice when you retired?

 

 

If you selected 'Other' then please give details below

   

   

Did you continue to own part of the business after you retired?

   

No

   

Yes but now sold

   

Yes and still retain

   

If yes, what percentage did you retain immediately after you retired?

    %
    And what percentage do you retain now?
    %

VALUATION & DISPOSAL OF YOUR PRACTICE

15. Valuation

What was the value of your business on the date of disposal / closure?

   

£ on (date)

If your practice had no value please go to question 13.

   

How did you arrive at this valuation?

   
    If you selected 'Other' then please give details below
   
   

What was your preferred method for calculating the value of your practice?

   

   

Please give more details of your method below

   

16. Disposal What was your annual turnover (fee earnings excluding VAT) in the financial year immediately before disposal?
   

£

    What were your profits n the financial year prior to disposal?
   

£

    How many staff (Full-time equivalent) were employed (including yourself)
   

    What were the greatest difficulties in disposing of your share of the practice
    Finding a suitable buyer
    Getting the right price
    Agreeing terms in detail
    Arranging for continuation of cover
   

Other - please give more information in the box below

   

17. Comments Please add any further comments you may wish to make in the box below
   
     
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Fees Bureau
 

Thank you very much for your help with this survey.

 
 

(c) The Fees Bureau, a division of Mirza & Nacey Research Ltd - 2024