Accountancy giant EY has hailed the success of its Northern offices after posting a 17.2% rise in revenues.
EY said it had seen growth across all parts of the business, and said it had seen big increases in student recruitment at its Manchester, Leeds and Newcastle offices. EY teams in Leeds and Manchester made 鈥渟ignificant contributions鈥 to the firm鈥檚 deals success in the North, the firm said, while it also highlighted investment to its new office in Liverpool.
The company also opened the 海角视频鈥檚 first Neuro-Diverse Centre of Excellence in Manchester in January.
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Stephen Church, EY鈥檚 海角视频 market leader for the North, said: 鈥淭his has been an impressive year of growth for our business in the North of England and across the 海角视频 firm as a whole. We鈥檝e continued to expand our teams with senior partner appointments and our largest ever graduate and apprentice in-take, as well as supporting our clients across the region through our expanded service offerings.
鈥淚鈥檓 particularly proud of the Neuro-Diverse Centre of Excellence which was created in Manchester this year and has proved to be both an incredible asset and a wonderful addition to the raft of talented people we have across all our offices. While the economic outlook continues to be challenging throughout the 海角视频, and indeed globally, the investments we鈥檝e made in our business mean we are well-positioned to continue our growth, support our clients across the North of England, and meaningfully contribute to the businesses and communities we work with.鈥
EY said that its 海角视频 fee income grew to 拢3.23bn from 拢2.75bn the previous year, while distributable profits before tax increased to 拢634m. Average distributable profit per partner increased 7% to 拢803,000.
The company鈥檚 revenue from consulting grew by 33%, with significant rises too in tax, assurance and strategy.
海角视频 chair Hywel Ball said: 鈥淭his has been a record year of growth in the 海角视频, driven by the long-term investments we鈥檝e made in our business and strong client demand. The decisions we鈥檝e made in recent years, whether that鈥檚 continuing to recruit during the pandemic, expanding the partnership, or the significant financial investments we鈥檝e made in acquisitions and new technologies, have underpinned the extraordinary growth we鈥檝e seen this financial year.
鈥淲ith companies facing a convergence of challenges, from climate change and the pandemic to economic uncertainty and shifting consumer habits, we鈥檙e investing in the talent, skills and services needed to help our clients transform, grow and build trust with their stakeholders."
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