Professional services consultancy posts double-digit growth

Professional services consultancy Barnett Waddingham has posted double-digit annual revenue growth at £15m for the 2018/19 period.

The latest figures mark a significant acceleration of revenues to £99.3m – a near 50% increase since 2016.

The Bromsgrove-based firm said while it has grown consistently year-on-year, the results show a significant acceleration of revenues alongside the expansion of headcount, services and solutions.

Nick Salter, senior partner, said: “While we have always been an ambitious organisation, our latest financial statement has gone beyond even our own expectations, proving that our business continues to surpass its claims to delivering a superior quality of service that delights our clients.

“We firmly believe that our success is really driven by our true independence as a firm.”

Marcus Whitehead, managing partner, added: “This summer, BW celebrated its thirtieth year in business and while that’s a fantastic achievement for us, we are less concerned about basking in our results than with maintaining our momentum to propel us forward into the next thirty years.

“Our heritage underpins our success, but our focus is on the future to ensure that we continue to innovate and help our clients to solve their complexities”.

Barnett Waddingham’s workforce now exceeds 1,270 members of staff across eight offices, of whom 73 are partners. The business welcomed over 350 new people throughout the financial year, providing consulting, administration, IT and operational resource to the organisation’s risk, pensions, investment and insurance practices.

Thanks to this growth, the company has also been able to welcome a larger intake of 27 to its annual graduate programme and 25 to its apprentice programme.