PwC chief hails ‘strong performance’
BIG four firm PwC, has reported revenue growth of 5% to £2.8bn for the year to the end of June. Profits in the same period were up nearly 3% to £772m.
Iwan Griffiths, PwC’s North West chairman said the “strong performance” reflected the economic upturn and improved client confidence.
The firm, which has over 700 employees in Manchester and 70 in Liverpool, said it and its partners had contributed £984m to HM Treasury’s coffers during the year.
During the year it promoted 15 directors while three partners transferred to the region from other locations. It increased the number of graduate placements by 33%, taking on 60 graduates and 10 Higher Apprentices throughout the year.
Among its key projects, the North West deals teams advised some of the region’s highest profile deals including; boohoo.com’s AIM float, and private equity firm ISIS’ £45m buy-out of Metronet in June.
Its assurance division, which includes its audit business, won work with iconic infrastructure project, Merseylink, the consortium that is building the new Mersey Gateway Bridge.
Nationally, each of the firm’s four business divisions grew, with the assurance practice growing by 6% to £1,025m, Tax by 5% to £714m, deals by 3% to £580m, and consulting by 4% to £495m.
Mr Griffiths said: “We have continued to invest in the North West, recruiting new partners and high levels of experienced hires, graduates and school leavers. This has positioned us well and reflects our strategy of building the right team of specialists so that we can continue to help our clients to achieve their objectives, grow and therefore support the wider regional economy. “
