Big four firm’s revenue climbs to £3.1bn

BUSINESS advisory firm Deloitte has recorded 11% turnover growth to £3.1bn over the last 12 months – the fastest increase for the firm in a decade.

The company’s results for the year ended May 31 show a sixth consecutive revenue rise for the firm, with growth across all five of its business areas.

It has been a particularly strong year for the firm’s North West practice, which has invested heavily in young talent over the past 12 months, making 64 graduate appointments across offices in Manchester and Liverpool to supplement Deloitte’s strong presence in the region.
 
With staff numbers in Manchester standing at over 750, this year’s promotions have taken the total number of partners to 44 and directors to 60.

At a national level, the firm has also focused on ensuring its talent pool is diverse, with women making up 30% of its partner promotions over the past 12 months, bringing the total percentage of female partners to 17.6%.

The firm says it has also worked hard to reduce its gender pay gap from 17.8% to 16.8%, below the national average of 19.2%.

Richard Bell, practice senior partner for Deloitte in the North West, said: “The North West economy is buoyant at present, with thriving technology and life sciences sectors underpinned by world-class educational institutions.

“As a firm, we have seen the positive impact of these, coupled with additional government investment through the Northern Powerhouse, providing an environment where companies can facilitate growth.”

David Sproul, senior partner and chief executive of Deloitte, said: “This year we have seen double-digit growth across all business areas.
 
“We have had significant success in the audit market, with four wins in the FTSE 100, taking our market share to 23%.
 
“It has also been a strong year for our advisory businesses, given high levels of demand for our M&A, risk management and regulatory, international tax and compliance services and business transformation capabilities using technologies such as digital, cloud and analytics.  In our international markets the firm’s Swiss Practice has grown significantly, at 26%.”