Mazars posts profits hike

Accountancy firm Mazars, which has offices in Leicester and Nottingham, has posted a 14 per cent growth in UK turnover in the year to 31st August 2015.

Overall fee income increased from £130.9m to £149.7m. During the same period, the firm’s profit rose by 10 per cent from £26.2m to £28.8m.

Organic growth made up the largest proportion of the rise in revenue, although just before the end of the financial year the firm acquired CompetitionRX, a specialist provider of monitoring trustee services and compliance advice in merger control proceedings.

Alistair Wesson, East Midlands senior partner said: “This is a very strong set of results; we continue to make excellent headway and I’m proud of the advances we’ve made across the business. The firm has experienced over 45 per cent growth since 2010, one of the fastest growth rates among the top ten UK firms. This is thanks to our strategy of achieving long-term sustainable growth by responding to clients needs, developing our international capabilities, investing in the markets where we shine and pursuing the right opportunities as they arise. We are very encouraged by our progress.

He continued: “Delivering outstanding quality to our clients will always be our foremost goal; we know that goes hand in hand with seeking out, nurturing and channelling a diverse range of top class talent. Investing in broadening the range and depth of skills within our teams remains a priority.”