Mazars’ North West team expands in strong year of revenue growth
Global audit, tax and advisory firm, Mazars, saw UK revenues soar by 23% to £288m in the year to August 31, 2022, and its North West operations expand.
It said growth was strong across all service lines and sectors, in audit and non-audit, while its team in Manchester has grown substantially in recent years, now employing in excess of 300 staff, with a partner team of 16.
A record number of 48 graduates also joined the Manchester office in September 2022.
Dave Hilton, Manchester office managing partner, said: “It’s been a hugely successful period for the Manchester office, and we’ve significantly expanded our team since acquiring medical accounting firm Hall Liddy in 2019.
“Since then we’ve more than doubled in size from a staff of 120 and a partner team of seven, to in excess of 300 staff and a 16 person partner team today.
“This year we also welcomed a record number of graduates to the business, and it’s fantastic to have so much fresh talent coming into the industry.”
He added: “In the next year, we’ll be undertaking an office refurbishment to focus on hybrid working and facilitate a more collegiate working environment, and we look forward to serving existing and new clients and building on last year’s successes, too.”
Across the UK headcount grew to 2,890, an increase of 18.5% from the previous year. The firm promoted 980 team members in fiscal year 2022 reflecting the importance of support and development for teams and in the quality of the work provided to clients.
CEO Phil Verity said: “We are harnessing the firm’s positive momentum to invest in building the team of the future. From defining enhanced career pathways to creating a culture of mentorship across the firm, we are investing today to build a team with the skills, resources and support to succeed in the future.
“The business environment is uncertain, but we remain driven by our relationships with our clients, supporting them through a volatile and shifting economy, and consistently delivering quality work.”
Mazars Group, operating in nearly 100 countries worldwide, grew by 16.4%, reaching €2.45bn in fee income.
The group performed strongly across all geographies, with particularly significant growth in Africa and the Middle East (21.7%), the Americas (22.4%) and Asia-Pacific (17.1%).
Hervé Hélias, CEO and chairman of Mazars Group, said: “Despite a complex global environment, 2022 was an excellent year for Mazars across all geographies and service lines. Our performance confirms the quality and relevance of our services, as we continue our drive to offer choice and a different perspective in a highly concentrated market, providing essential competition for the healthy functioning of financial markets.”
