Profits and revenues up at accountancy giant
Castle Donington-based accountancy firm PwC has reported double digit turnover growth for the second year in succession.
Revenue rose by 11% to £3.44bn for the year ended 30 June – up from £3.08bn in 2015, whilst profits rose to £829m. Regional revenues grew by 10.6% on the back of increased demand in particular for cyber security, data analytics and technology services, said PwC.
Matt Hammond, regional chairman at PwC in the Midlands, said: “It’s been a strong year for the Midlands business, with double digit growth overall and in each of our offices. Every part of our business grew, driven by our high growth consulting business, significant volume and value in our transactions and crisis deals businesses, important audit wins for our assurance business and heavyweight investment in our tax business. We also saw strong growth in our listed and private business segments.
“We now employ over 1,600 people across the Midlands and have just welcomed our latest intake of graduates and students. We recently invested in our next generation of experienced talent, with 190 promotions from senior associate up to senior manager, and strengthened our senior team with nine new partners and 14 new directors. We also appointed a new head of diversity, head of people, head of tax and a new head of our consulting practice.
“Being involved in and supporting our local communities remains incredibly important to us. We appointed a new head of community in the region and over the past 12 months, 568 of our people have donated almost 6,000 hours volunteering for local causes.
“Earlier this year we announced that we will be relocating our Birmingham office in early 2019 to One Chamberlain Square, a landmark building in the city’s £500 million, transformational Paradise development. This investment reflects our commitment to our clients and people in Birmingham and our desire to offer them a truly first-class working environment.
“Looking to the financial year ahead, we are continuing to invest in our business and our people. We will be working closely with our clients and people in the Midlands to contemplate the impact of the EU referendum decision and support them in embracing the opportunities that come with change.”
PwC employs over 21,000 people across its 64 offices in the UK, Channel Islands and Middle East.
