Allport hails E&Y’s strong performance

BIG Four accountancy group Ernst & Young has posted an 11% surge in revenues to £1.6bn.

Driven by its tax division which was up 16%, E&Y’s North West senior partner Simon Allport said the firm had delivered “strong results” in an uncertain market.

He said: “Our globalisation strategy has paid dividends. Our local clients see us as a global gateway, connecting them easily to international markets to accelerate growth.

“We took the decision to continue to invest, even during the downturn. In the last four years our North West headcount has grown by 12%, now standing at 500 people across Liverpool and Manchester.”

Nationally, for the first time in three years, Ernst & Young in the UK grew revenues in all of its service lines.

Another strong performer was Transaction Advisory Services, which was  was up 10%.

 In the North West the firm advised on the AIM listing of Deeside company Revolymer; the acquisition of Worldwide Group Holdings Limited by Daisy Group and LDC’s investment in Airline Services.”

Mr Allport added: ““Our commitment to driving successful growth and at the same time making the difference to our clients, our people, the wider economy and society continues to underpin everything we do.”

From a personal point of view Mr Allport this year has become chairman of not for profit micro-lender  Business Finance Solutions.

He explained: “Access to the right support and finance can make the difference to our community, by creating jobs and wealth in the region.

“We will continue to add value to our clients in the North West by being the most globalised firm that supports entrepreneurialism and invests in its people.”