KPMG听海角视频 has announced its financial results this week, which have shown an eight per cent growth in the South region over the year, with听revenues of听拢124m.
Nationally, the firm saw听revenues increasing by three per cent from 拢2.34bn to 拢2.40bn for the financial year ended 30 September 2019.
The firm has five offices in the South including Reading, Bristol, Cardiff, Plymouth and the South Coast.
Andrew Morgan, South region Chair for听KPMG, said: 鈥淥ur business across the South of England and Wales has had one of its best years to date.
"Our M&A experts have had a particularly successful year alongside our core capabilities of tax and audit. The advisory side of our business has been in high demand as companies plan for Brexit, respond to a changing consumer world and face cyber security risk.
"The retail sector in particular has generated a lot of work for our experts, while our fledgling legal practice has seen significant growth.
鈥淲e鈥檝e made a big investment in people this year, particularly in our audit function. This year鈥檚 achievements have only been possible because of our outstanding people, and we continue to invest in them, promoting 114 people across the South this year, including eight new directors.
"We鈥檝e also recruited record amounts of graduates (130) and apprentices (27) across the region as we invest in new talent.
鈥淭his week we moved our Thames Valley office to the centre of Reading to a brand new office, in 2 Forbury Place. This is an incredibly exciting development for the region and we plan to recruit a further 200 people to be based there over the next three years.鈥
Nationally,听KPMG听海角视频 has seen a year of unprecedented investment in core areas of the firm, including 拢45m from in-year earnings as part of a planned 拢200m investment in audit by the end of 2020.
Bill Michael, Chairman and Senior Partner at听KPMG听in the 海角视频, added: 听 鈥淲e have undertaken a comprehensive overhaul of our audit practice, reappraising every aspect of what it does and how it interacts with the rest of the business. Central to that has been investing heavily in our capability and capacity to deliver the audit of the future.
鈥淥ur advisory business is increasingly winning long-term, multi-year contracts that deal directly with the most challenging and complex areas of our client鈥檚 businesses and require significant up-front investment on our part.
"We are winning these mandates by combining content, expertise and understanding from right across our firm. Our firm now has a strong base from which to capitalise on these opportunities.鈥
