Aukett Swanke, the international group of architects and interior designers, expects full year results to be in line with board forecasts.

The group says the UK continued to improve its financial performance in the second half but, as expected, this was tempered by rising salary costs and integration and property costs.

It says: "Our operations in Germany, the Middle East and Turkey were also all profitable. Russia's losses widened in the second half. However, the recent Moscow office co-location, staff reductions and more focused management should bring this operation back to breakeven in 2015.

"Additionally, our cash balances continued to grow with net funds at 30 September 2014 of ã1.78m (31 March 2014: ã1.33m). Since the year end we have repaid, in full, our outstanding term loan of ã0.11m and are currently debt free."

The board has also today approved payment of a second interim dividend in respect of the latter half of the year ended 30 September of 0.11 pence per share, bringing the total payment for the year to 0.21 pence per share.

The dividend will be paid on 2 December to those shareholders on the register at 21 November.